The Land O’ Lakes real estate market continued to cool in July, with the median listing home price falling 8.3% year-over-year to $440,000. The median home sold price was also down 8.3% year-over-year to $442,500.
The number of homes for sale in Land O’ Lakes increased by 22.2% from June to July, to 865 homes, while the number of homes sold decreased by 12.5%. This resulted in a 100% sale-to-list price ratio, meaning that homes are selling for approximately the asking price.
The cooling of the Land O’ Lakes real estate market is being driven by a number of factors, including rising interest rates, inflation, and economic uncertainty. However, the market is still considered to be a seller’s market, as the supply of homes is still lower than the demand for homes.
Here are some additional data points about the Land O’ Lakes real estate market in July 2023:
- The average number of days a home was on the market was 35 days.
- The average price per square foot was $239.
- The most popular home types were single-family homes and townhomes.
- The most active neighborhoods were Groves, Dupree Lakes, and Waterlefe.
In addition to the data from June, here are some other current data points about the Land O’ Lakes real estate market:
- There are 173 homes for rent in Land O’ Lakes, with a range of $1.4K to $4.6K per month.
- The average rent for a one-bedroom apartment is $1,300.
- The average rent for a two-bedroom apartment is $1,600.
If you are thinking of buying or selling a home in Land O’ Lakes, it is important to work with a real estate agent who is familiar with the current market conditions. An experienced agent can help you navigate the market and get the best possible price for your home.
Here are some tips for buying or selling a home in the Land O’ Lakes real estate market:
- Be prepared to act quickly. Homes are selling quickly in this market, so it is important to be prepared to make an offer as soon as you find a home you like.
- Be flexible with your budget. The market is competitive, so you may need to be willing to pay more than you originally planned.
- Work with a qualified real estate agent. A good agent can help you navigate the market and get the best possible price for your home.
I hope this information has been helpful. If you have any questions about the Land O’ Lakes real estate market, please feel free to contact me.