Lakeland Real Estate - Market # of Available Homes

This page has lots of valuable information on it - if you take the time to study it!!

Number of Available Homes To Buy - Greater Lakeland Area

Knowing how many homes are actually available to choose from... may come as a surprise to some potential home buyers. Once you narrow the price range and start specifying # of bedrooms, baths,
parking/ garage, minimum sq. footage AND location - you may well find LESS than half a dozen homes that match your family's needs.

You may also want to take into consideration if it's a "buyers" or a "sellers" market in your price range when it comes time to enter into negotiations on the one you would like to be your next home.

And, with today's historically low interest rates... You also might be surprised at how many other buyers are seeking the same home!!

check your
credit here

money_stackofbills2.gif (5569 bytes)
Just how much is
this home worth?
"A CMA market
analysis on any home you find"
coming soon!

Is it a buyers... or a sellers Market? How to tell in your price range!

Seller's (on average) discount the ask price by only... 3.8%!

* * * * * * * * * * * * * * * * * * * * * * * * *

For a detailed view of the # of Homes Available on the market...
Click here and look for the "Inventory on the Market" column
(you will need Acrobat Reader 5.0 or better to view)

* * * * * * * * * * * * * * * * * * * * * * * * *

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 can mean to *your wallet* when buying or selling... Contact Jeff Nolan and Team 863. 640.6699 call for valuable up to the minute information on what the market is doing right now... *Today!* "We speak fluent real estate"

How can you tell if it's a buyers... or a sellers Market?
comments and points of interest:	A "Sellers" market is usually defined when around 25% or more of the available inventory is selling each month. The higher the percentage - the stronger the sellers market. Of course the opposite is true when the sales percentage dips below 20% and the fewer # of buyers in the market begin to enjoy a "buyers" market at home sellers expense. The market is always in a constant state of change. The trick predicting the current market trend is by looking at past sales & inventory data and interpreting the direction it is headed. Historically, Lakeland in the past ten years hasn't experienced any strong sustained sellers market except in the lower price ranges as the chart above shows and "time on the market" still averages approx. 90 days. However, that's for the "average" home. The best homes, in the best condition, in the desirable locations sell very quickly. And currently the low inventory of homes, low interset rates and resulting high number of buyers in the market tilts the market more... in the sellers favor. Also note: Up dating this page on Sept 1, 2003: I notice most (but not all) price ranges Average time on the market is dropping while the list-to-sell ratios are slighty higher. (especially $90k - $122k) This backs up what agents know, Lakeland is in the strongest "Sellers" market I've personally seen in over 12 years. Clean well priced homes (best of the best) are typically going under contract in 1 to 2 weeks. Historically Low interst rates combined with low inventory levels means as a buyer:"If you find it and like it you'd better snap it up", or someone else will! Note: The "influence" of New Home Sales beginning around $125k can be seen in re-sale homes by the lower volume of unit sales that drop in half from there on up. I call it the "Cliff". Study the chart above: See the "Edge of the sales Cliff", around $170,000? Bad news for sellers - but, buyers are in a desirable position if shopping in these higher price ranges. The Downside is low inventory to choose from. Have Questions? Email Us for answers
My personal 2 cents worth:
Want a list of ALL AVAILABLE homes that match your needs? Click Here

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!