March 2009 Real Estate Sales Statistics

Thursday, April 16, 2009 - By Gate Arty

Well not all real estate news has to be bad. The good thing about hitting bottom is there is only one way to go . . . & that is UP! And for Polk County at east, things are beginning to trend positive. Robust recovery anyone?

In Lakeland for the month of March 2009, there were 188 homes that sold. Compare this to the 146 units that sold in February 2009, & the paltry 126 that sold the month prior. Folks, those figures represent a whopping 22% spike in month over month sales! Looking into the numbers even further, Keller Williams Realty -  Lakeland office, accounted for nearly half of those sales by leading the way with 97 sales units. Keller Williams Realty continued its market share dominance with a 44% jump in sales month over month. Not only is activity picking up, but values were also promising. The average sales price was $130,059 which was up from $124,550 the previous month. The current months inventory is now at 13.89, & we have not been that low since May 2007. The most active price range is still the lower price points. The $120,000 - $139,999 accounted for nearly 13% of the sales activity. Take this into consideration, only 2 homes sold for more than $300,000.  Ouch! The average days on the market was 122 days.

In East Polk County, March 2009 was the best month since December 2006 with 149 homes sold. Compare that to 114 in February & 104 in January. Average sales price was slightly up to $102,886. Current months of inventory are now at 12.79 . . . again this figure has not been this positive since 2006!  The average days on the market is 120 days. The most active price range was also the $120,000 - $139,999 representing 9.4% of the market. Only one home sold for over $300,000 in all of East Polk.

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