Lakeland, FL home prices and housing market

In Lakeland, more than one in five home listings has already taken a price cut. Here is what that means if you are thinking about selling this year. Start with the top line. The typical Lakeland home is worth about three hundred eleven thousand dollars, down roughly 1 percent from a year ago. That is a gentle slide, not a crash. But the pace tells the real story. Homes are taking a median of sixty-seven days to sell, over two months, and there are about one thousand homes for sale with around 290 new listings still hitting the market. Buyers have room to be choosy. Now here is the catch. The median asking price sits near three hundred forty-two thousand dollars, about thirty-one thousand dollars above what the typical home is actually worth. Sellers are still aiming high, and the market is making them adjust, which is why about 22 percent of listings have already cut their price. So if you sell in Lakeland this fall, price to today's reality, not last year's hopes. A home priced right still moves; an overpriced one sits for months and then cuts anyway. For a free estimate of what your home is worth right now, visit Home Value Pros dot com.