How is the Lake Mary real estate market in Central Florida faring? A two year market overview shows that inventory is down and prices may be stabilizing in the 32746 zipcode , the area that includes Heathrow.
The following data extracted from the Mid-Florida MLS for the past 24 Months (report date Sept 3, 2011) . The following graphs and chart provides a visual representation of what the real estate market has done in Lake Mary-Heathrow in the past 24 months. The blue columns display the number of active listings for each month. The graph lines show the absorption rate (in yellow) and the months' supply (in red) relative to the number of active listings.
| Active Listings | ||||||
|---|---|---|---|---|---|---|
| Month | Count | Median Price | DOM | Absorption | Months Supply | |
| 8/2009 | 608 | $239,200 | 125 | 0 | (0 %) | 0 |
| 9/2009 | 588 | $237,700 | 124 | 0 | (0 %) | 0 |
| 10/2009 | 571 | $233,000 | 118 | 0 | (0 %) | 0 |
| 11/2009 | 536 | $225,000 | 120 | 52.17 | (9.73 %) | 10.3 |
| 12/2009 | 515 | $209,900 | 123 | 54.33 | (10.55 %) | 9.5 |
| 1/2010 | 533 | $200,000 | 119 | 56.25 | (10.55 %) | 9.5 |
| 2/2010 | 563 | $192,500 | 112 | 56.75 | (10.08 %) | 9.9 |
| 3/2010 | 582 | $185,950 | 86 | 59.5 | (10.22 %) | 9.8 |
| 4/2010 | 596 | $180,200 | 86 | 61.92 | (10.39 %) | 9.6 |
| 5/2010 | 579 | $187,000 | 99 | 63.5 | (10.97 %) | 9.1 |
| 6/2010 | 587 | $187,500 | 107 | 64.17 | (10.93 %) | 9.1 |
| 7/2010 | 568 | $209,900 | 110 | 64.83 | (11.41 %) | 8.8 |
| 8/2010 | 556 | $209,900 | 109 | 64.58 | (11.62 %) | 8.6 |
| 9/2010 | 564 | $214,900 | 98 | 63.92 | (11.33 %) | 8.8 |
| 10/2010 | 530 | $209,950 | 111 | 62.75 | (11.84 %) | 8.4 |
| 11/2010 | 531 | $209,900 | 118 | 61.17 | (11.52 %) | 8.7 |
| 12/2010 | 513 | $217,000 | 124 | 59.33 | (11.57 %) | 8.6 |
| 1/2011 | 489 | $214,900 | 138 | 59.17 | (12.1 %) | 8.3 |
| 2/2011 | 484 | $227,448 | 124 | 58.83 | (12.16 %) | 8.2 |
| 3/2011 | 500 | $229,950 | 109 | 56.5 | (11.3 %) | 8.8 |
| 4/2011 | 477 | $239,000 | 107 | 55.08 | (11.55 %) | 8.7 |
| 5/2011 | 484 | $241,000 | 110 | 54.42 | (11.24 %) | 8.9 |
| 6/2011 | 442 | $254,450 | 112 | 52.08 | (11.78 %) | 8.5 |
| 7/2011 | 403 | $267,000 | 126 | 51.25 | (12.72 %) | 7.9 |
Notes:
DOM: Median Days On Market Months Supply: The number of months it would take to clear the market if no more houses were listed based on a 12-month rolling average of sales rates
Absorption: Average number of properties sold per month based on 12-month rolling average, both as count and percent of active supply
DOM: Median Days On Market Months Supply: The number of months it would take to clear the market if no more houses were listed based on a 12-month rolling average of sales rates
Absorption: Average number of properties sold per month based on 12-month rolling average, both as count and percent of active supply
Source for the data is Mid-Florida MLS.
