Are you considering buying or selling a home in Lake County? If so, you’re likely curious about the state of the local real estate market. You may have heard reports from friends or family that it’s a buyer’s or seller’s market; however, understanding exactly what factors determine this can be difficult to decipher. We’ll provide in-depth information about the Lake County real estate market and discuss how current trends are impacting buyers and sellers. With insights into recent price changes, inventory levels, and other key indicators, you can gain an understanding of where the local housing industry stands today. If you have more Questions About the Lake County Housing Market, be sure to check our post.
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The rapid rise in mortgage rates heavily impacted the housing market in 2022.
Homebuyers have a unique opportunity in today’s market.
Only a small percentage of homes are seeing price reductions.
Current Real Estate Market Trends in Lake County
Lake County Average Days on Market
Lake County Active Listings
Lake County Average Sales Price to List Price Ratio
Lake County Supply and Demand
Stellar MLS - November 2022 Statistics
Stellar MLS December 2022 Residential Stats – This report represents all residential listings in the Stellar MLS coverage area for December 2022.
For the Stellar MLS Florida coverage area, notable statistics state that:
* New Listings declined by 16% month over month and 17% year over year, while Active Listings inventory has doubled from last year, an increase of 99% from the same month a year ago.
* The number of units sold increased from the previous month but declined year over year. Inventory increased for the same time frame.
* Total Sales Volume increased by 14% month over month and by 31% year over year.
* Average Days on Market has increased month over month and by 95% from the same month last year.