LAKEWOOD RANCH COUNTRY

Club

Published: March 2023*

Property Types: All Res. Proptype - All Properties - All Properties - All Property Statuses

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February 2023 was a Neutral market! The number of for sale listings was up 975% from one year earlier and up 34.4% from the previous month. The number of sold listings decreased 20% year over year and increased 71.4% month over month. The number of under contract listings was down 41.2% compared to previous month and down 47.4% compared to previous year. The Months of Inventory based on Closed Sales was 3.6, up 1,237.5% from the previous year.

The Average Sold Price per Square Footage was down 5.3% compared to previous month and up 0.9% compared to last year. The Median Sold Price increased by 12.6% from last month. The Average Sold Price also increased by 14.3% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".

The Average Days on Market showed a upward trend, an increase of 1,875% compared to previous year. The ratio of Sold Price vs. Original List Price was 93%, a decrease of 9.7% compared to previous year.

It was a Neutral Market

Property Sales (Sold)

February property sales were 12, down 20% from 15 in February of 2022 and 71.4% higher than the 7 sales last month.

Current Inventory (For Sale)

Versus last year, the total number of properties available this month was higher by 39 units of 975%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 34.4% compared to the previous month.

Property Under Contract (Pended)

There was a decrease of 41.2% in the pended properties in February, with 10 properties versus 17 last month. This month's pended property sales were 47.4% lower than at this time last year.

Mark Boehmig

Realtor,

GRI, CLHMS

(941)807-6936 markboehmig@michaelsaunders.com

MarkitSoldFL.com