1. Watch Inventory Closely
Lake County's inventory is experiencing a squeeze with a 4.72-month supply, a 5% drop from last month and a 4% decline over the past year. This shift highlights the importance of timing when coordinating simultaneous buying and selling transactions. Lake County is home to the beautiful Lake Louisa State Park, offering a scenic retreat for residents.
2. New Listings on the Rise
There were 782 new listings with a median list price of $383,837, providing fresh opportunities for both buying and selling. The charming downtown area of Mount Dora offers a variety of shops and dining experiences.
3. Active Listings Remain Plentiful
With 2,968 active listings at a median price of $389,000, there are varied options for buyers, though sellers should be mindful of competitive pricing. The county's convenient access to Orlando International Airport makes it a prime location for frequent travelers.
4. Pending Sales Signal Quick Moves
The market is moving briskly, with 593 new pending listings at a median list price of $365,000 and an average of just 54 days on the market. Tavares, known as "America’s Seaplane City," is a local hub offering unique transportation attractions.
5. Strong Selling Conditions Persist
The median sold price reached $382,905, marking a 2% increase from last month, while properties sold in a median of 47 days, reflecting a 4% decrease in market time. Clermont's rolling hills and picturesque landscapes offer a unique setting for residents.
Considering these trends, it's crucial to strategize your market entry and exit points effectively. For personalized guidance in navigating Lake County's dynamic market, reach out to LOUISA SIMS at Coldwell Banker Realty 