The National Association of Realtors is showing Lake and Sumter County with the following statistics:
723 homes sold in August
$237,982 avg. sold price
1,978 homes for sale
With about 2,000 homes for sale and 700+ being sold in a month, we are facing the lowest inventory ratios we have seen in our market in the 5 years I have been in the real estate business. With only 2.7 months supply of homes for sale, there is no way for prices to stay down or hold steady. Home prices/values are still going up.
We have an unbelievably low level of housing inventory for sale in our market. If you are considering selling your home, it will be very easy to sell your home this fall; and we should expect a contract for 98-100% of list price. This doesn’t mean we will sell your home for 98% of whatever price we put on your home. It means that if we price the home correctly, it will sell within 2% of list price.
Right now, it is common for a correctly priced home to receive multiple offers. If you or someone you know is considering selling their home, we would love to have a conversation with him/her to discuss serving them.
Congrats to our clients & Friends