Well, it looks like June 2013 was better than May 2013. This report is from the Lake City Board of Realtors (that was reported to the lakecityjournal.com) for the Lake City FL area. There was 38 closing in June 2013 compared to 30 in June of last year. Pending sales also went up from 25 in June 2012 to 41 for June this year. That is an increase of 64%.
New Listing was increased from 58 on June 2012 to 75 for June 2013. Also, active listings decreased from 438 in June 2012 to 393 for this June. Cash sales went up from 8 in June 2012 to 15 in June 2013 and Sellers received 92.3% of their asking price. Comparing that to last years June which was 84.6%.
So with all that being said, what is going on with Lake City FL Real Estate? To me it looks like Sellers are getting more for their homes, because the Buyers are buying with cash and also because the inventory is getting smaller.
So if you are a Lake City FL Buyer, right now might be the best time to get really serious, with the Sellers getting more of their asking price to the Interest rates moving up slowly.
Bruce Dicks, Realtor
Coldwell Banker Bishop Realty