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LAKEWOOD RANCH COUNTRY
The Average For Sale Price was Neutral*
The Average For Sale Price in April was $1,180,000, down 10.7% from $1,322,000 in April of 2022 and up 18.7% from $994,000 last month.
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The Average Sold Price was Neutral*
The Average Sold Price in April was $963,000, down 15% from $1,133,000 in April of 2022 and up 10.2% from $874,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in April was $768,000, down 29.2% from $1,085,000 in April of 2022 and up 13.8% from $675,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The April 2023 Months of Inventory based on Closed Sales of 1.3 was increased by 18.6% compared to last year and down 61.1% compared to last month. April 2023 was Seller's market.
Months of Inventory based on Pended Sales
The April 2023 Months of Inventory based on Pended Sales of 1.7 was increased by 109.3% compared to last year and down 5.6% compared to last month. April 2023 was Seller's market.
