🌴📊 Lakeland October Market Update — And Wow, Things Are Moving!
Lakeland’s market is shifting again, and here’s what you need to know ⤵️
🏡 Home Sales:
Up from 213 → 277 compared to last year — buyers are still out there and making moves.
đź’° Average Sales Price:
Down from $352,530 → $328,966.
Buyers are getting a little more negotiating room, and realistic pricing is winning every time.
đź’µ How Buyers Paid:
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24% Cash (66 sales)
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38% Conventional (106)
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28% FHA (77)
So… is it a buyer’s market or a seller’s market? 🤔
📉 Inventory sits at just 2.6 months — which still places us firmly in a seller’s market (FYI: 6 months = balanced).
But here’s the twist ⬇️
A lot of people feel like it’s shifting toward buyers because inventory is higher than the last few years — which were anything but normal. What we’re seeing now is actually closer to pre-pandemic normal.
🔥 Bottom line for sellers:
The sky isn’t falling — but strategy matters more than ever.
✔️ Price it right
✔️ Make necessary improvements
✔️ Be realistic, not wishful
Those “let’s just throw it on the market at the number we want” days?
They’re gone. Facts and strategy win now.
If you want to dive deeper—days on market, average seller concessions, neighborhood-by-neighborhood trends—comment below and I’ll post those next! 📲
