Lake County Market Update: April 2021

The housing market has nationwide has changed drastically in the past year. With a 57% reduction in inventory in the state of Florida, it’s obvious why prices have been on the upward swing. Take a look below at how this has affected the Lake County Market.

YOY Change in Housing Inventory
YOY Change in Housing Inventory

Homes sales continue to rise while active inventory steadily decreases. This shows that as soon as homes come on the market, they are selling immediately. On average nationwide, homes are receiving 4.5 offers before going under contract.

Lake County Closed Sales: March 2021
Lake County Closed Sales: March 2021
Lake County Closed Sales March 2021
Lake County Closed Sales March 2021

Average Sale Price in the Lake County Market

Of course, with a lack of supply, demand increases along with the prices.

Lake County Average Sale Price
Lake County Average Sale Price

Many people are considering their options regarding real estate, but the thought can be a bit overwhelming. What if your home sells too quickly and you haven’t found your new home? We have several options for seller to help with this issue. Take a look at RealSure, a program that offers you the best of both worlds.

In this competitive market, it’s important that buyers are pre-approved and prepared to make their strongest offer. Saving funds for your down payment and closing costs and improving your credit score will put you in the best position. Start the loan process HERE. It’s more important than ever to have an experienced real estate advisor in your corner.

Stacy Bracewell & Shannon King
Author: Stacy Bracewell & Shannon King

Hi and welcome to Life in Lake! We are excited to share our amazing community with you. If we can help in any way, don't hesitate to reach out. Stacy Bracewell and Shannon King, REALTORS®

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