Lakeland Real Estate Market Overview

MARKET NEWS: LOCAL MARKET - FLORIDA OVERVIEW -   NATIONAL OVERVIEW

#1 Biggest Mistake - Smart Buyers Make!    the potential to save or LOSE thousands of dollars

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The Lakeland Market

By: JEFFREY NOLAN - REALTORŽ
CDC Properties - Lakeland, Florida

The "market" is driven by many factors; mortgage rates, the economy, consumer confidence and current inventory levels to name a few. To get a feel for the current market one needs to understand the above national and local trends, study local
home sales activity and then adjust for available properties.

Lakeland's existing Re-Sale Market inventory (on average) includes approximately 1,300 to 1,500 total residential property listings - mobile, manufactured homes, townhouse's, condo's, and single family homes - depending on the time of year and various other market conditions. Year after year these numbers have held true - until just recently.

Single Family Homes, which is all this particular forum features, normally average between 1,000 and 1,200 available properties.

Of this total, approximately twenty-five (25) percent are typically "under contract" (pending a closing) leaving an estimated 750
to 900 "active" listings still available for purchase.

This may sound like quite a large number of homes to choose from until you break it down into the different price ranges that typical home buyers shop, what I refer to as "Mini Markets".

Break your 'mini market' price range down further by the side of town, year built, bedrooms, baths and other criteria and you'll find there may be very few homes to consider. Mix in the fact there could be dozens of 'other' buyers looking at the same # homes - and you now have either a buyers or sellers market in that particular 'mini market' price range. And... it could be just the opposite of the overall "big picture" total market trend.

You and your REALTORŽ Need to Know:

Which one it is, because it can make a difference in how you should proceed and in the decisions that need to be made.

Depending of course... on whether your a buyer... or a seller!

So, whether your in the market to buy or are thinking about selling soon, here is a more detailed breakdown of what is happening in each one of those mini-markets....

WHAT YOUR MONEY WILL BUY

HOMES SALES BY PRICE RANGE

# AVAILABLE HOMES BY PRICE RANGE

To receive "up-to-the-minute" market information and advise for your unique individual situation...

call Jeff Nolan & Team today!

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Is it a Buyer's or Seller's Market? knowing... can make a big difference to your wallet. For a more in-depth analysis of what these numbers mean to *you* when buying or selling... Contact Jeff Nolan (863) 640-6699 and get valuable up to the minute information on what the market is doing right now... Today! "We Speak Fluent Real Estate"
The Jeff Nolan Team Research and objectivity are only part of the homes picture. Need help figuring-out the rest? Just e-mail us at: Info@re-lakeland.com We'll do our best to help! CDC Properties Lakeland, Fl "we speak fluent real estate"	From up here, we see the whole Lakeland market! Why not let Jeff Nolan help you make smart decisions?