It is still a good time for people looking to buy real estate to buy. There is a lot of inventory out there.
Below are the stats for the Lake City and Live Oak, Florida areas. These stats are from a survey of MLS sales, from the Fl. Realtor Boards and Associations. Fl. Assoc. of Realtors and the University of Fl. Real Estate Research Center.
These sales are single family, existing homes comparing the sales of Sept. 2006 to Sept. 2007.
The sales fell 39% and the Median sales price fell 14% to $172,500.
Bruce Dicks, Realtor, E-PRO
Coldwell Banker Bishop Realty
Lake City, Florida