New Growth in Contracts for Lake City Real Estate Market

The Lake City market took a break this week as sales dropped to five homes sold over the last 30 days. However, the number of homes under contract shows a recent upward trend, and is now at 14. Prices are falling in Lake City, and this period the median price of all sales fell from $77,000 to $65,000. In spite of the decrease in sales, a low two months of inventory signals that Lake City is a strong seller's market.

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Get started right now by checking out Lake City homes for sale or reviewing Lake City real estate trends.

Demographic facts for Lake City:

  • This area has 24.4% vacant homes.
  • The area gets 216 sunny days a year. (U.S. average: 205)
  • The student per librarian ratio in this area is 419:1. (803:1 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
Keller Williams Rlty Atl. Part
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