Real Estate

Market Update

 

or call (863) 529-7488

Real Estate is a Market of Supply and Demand

Buyers and Sellers alike have high stakes in their real estate investment.  Understanding the impact of current real estate market conditions is important if you are to make the best investment possible for you and your family. 

During June, the Multiple Listing Service in the Lakeland and Polk County area listed 8,407 properties as available for sale.  This is up approximately 33% from June of 2006.  Sale of homes in the Lakeland and Polk County area in June was at 489.  Based on June sales results, the current inventory of homes would sustain sales for the next 17.2 months.  For homes sold in June, the average time on market was 105 days.

What does this mean to you?  If you are buying real estate in this area, congratulations!  It truly is a buyers market with many real estate choices available. Be sure you understand and evaluate the inventory of available properties before you buy.  Search the Multiple Listing Service by registering here.  

When you are ready, I am available to show you properties any time, any day.

If you are selling real estate, understanding the inventory of available properties is also important.  In today's market, differentiating your property from others and effective marketing techniques are the keys to getting your house sold.

An effective realtor can develop a specialized marketing strategy individualized for your home and the targeted audience which make up your potential buyers.  If you would like a comparative market analysis and market strategy for your property, call My Lakeland Realtor John Carter at (863) 529-7488

John Carter is a Coldwell Banker Realtor in Polk County Florida specializing in residential sales.