Central Florida housing inventory is DOWN. Pricing is FLAT. Price per SqFt is WAY UP!

In this video, we discuss the current state of the real estate market in Lakeland and Polk County, Central Florida. The housing inventory has gone down, with pricing remaining flat and the price per square foot increasing significantly. The average home sold was a 3-bedroom, 2-bathroom home with a smaller square footage compared to the previous week. The days on the market have decreased, but the long-term trend is still upwards. The sales price compared to the list price has increased, and the list price per square foot and sold price per square foot have also gone up. However, the overall pricing is relatively flat year-over-year. The number of new listings, solds, and pendings have all decreased, indicating a shortage of available homes. The months of housing supply is below the equilibrium level, and the active listings have also gone down. The FHA rate has decreased slightly, but it's important to check with a specific lender for the most up-to-date information. The video also mentions an upcoming First Friday event and Giving Tuesday.