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Lakewood Ranch Market Update June 2024

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Mark Boehmig GRI, CLHMS (941)807-6936 markboehmig@michaelsaunders.com MarkitSoldFL.com

Zip 34202, Zip 34211 Published: July 2024* Property Types: Single Family Home - All Property Statuses Price Range: $0 - No Limit SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit Full Baths: 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit

June 2024 was a Neutral market! The number of for sale listings was up 128.5% from one year earlier and down 6.4% from the previous month. The number of sold listings decreased 16.2% year over year and decreased 9% month over month. The number of under contract listings was down 1.3% compared to previous month and up 48.5% compared to previous year. The Months of Inventory based on Closed Sales was 3.1, up 164.9% from the previous year. The Average Sold Price per Square Footage was up 9.3% compared to previous month and up 7.3% compared to last year. The Median Sold Price increased by 6.1% from last month. The Average Sold Price also increased by 15.5% 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, a decrease of 13.4% compared to previous year. The ratio of Sold Price vs. Original List Price was 92%, a decrease of 2.1% compared to previous year.

It was a Neutral Market Property Sales (Sold) June property sales were 171, down 16.2% from 204 in June of 2023 and 9% lower than the 188 sales last month. Current Inventory (For Sale) Versus last year, the total number of properties available this month was higher by 302 units of 128.5%. 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 down 6.4% compared to the previous month. Property Under Contract (Pended) There was a decrease of 1.3% in the pended properties in June, with 147 properties versus 149 last month. This month's pended property sales were 48.5% higher than at this time last year. All reports are published July 2024, based on data available at the end of June 2024, except for the today’s stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


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Lakewood Ranch Market Update June 2024 by Mark Boehmig - Issuu