LakeCountyHomePros Community Forum

According to the Realtors Association of Lake and Sumter Counties the number of Realtor Assisted homes sold rocketed to 310 compared to 258 in January.

Additionally, the average sales price increased by over $2,000.

Brokers in the area are reporting an increase in the number of homes under contract during the month of March when compared to February.

Based on that information it is likely the the number of closed sales reported in March will at least hold steady if not increase.

Some of the more experienced brokers in the area are not including short sales as part of their "Pending" contracts.  So that is icing on the cake when they do close...

We still have a great deal of inventory to work through.  The impact of inventory from REO and traditional sellers waiting for market stabilization has not yet reached the inventory pipeline. 

It appears as though there will be a fairly healthy selection of quality homes for cash and qualified buyers throughout the summer.

The other piece of the puzzle will be what happens to interest rates now that the government is pulling back from it's massive investment in the mortgage industry.

Gerry Suarez of Thomas Financial noted an increase in rates late last week with some stabilization this week. The overall feeling is we have to see how the financial markets will respond.

With nearly 3 million closed this year we do see an increase in business.  We remain positive and realistic at the same time.

Our Broker is predicting over 6 million in new sales for the month of March.

For more information about us we can be found at www.lakecountyhomepros.com

Ray Levy

Coldwell Banker Camelot Realty

352-978-8551