Lakewood Ranch Country Club

The Average For Sale Price was Neutral*

The Average For Sale Price in May was $1,321,000, up 9.5% from $1,206,000 in May of 2022 and down 9.6% from $1,462,000 last month.

The Average Sold Price was

Neutral*

The Average Sold Price in May was $896,000, down 8.1% from $975,000 in May of 2022 and down 23.9% from $1,178,000 last month.

The Median Sold Price was

Neutral*

The Median Sold Price in May was $860,000, up 8.2% from $795,000 in May of 2022 and down 25.9% from $1,161,000 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 May 2023 Months of Inventory based on Closed Sales of 2.1 was increased by 190% compared to last year and up 50% compared to last month. May 2023 was Seller's market.

Months of Inventory based on Pended Sales

The May 2023 Months of Inventory based on Pended Sales of 1.3 was increased by 115% compared to last year and down 13.3% compared to last month. May 2023 was Seller's market.

Mark Boehmig

Realtor, GRI, CLHMS

(941)807-6936 markboehmig@michaelsaunders.com

MarkitSoldFL.com