Lakeland State of the Market Part 2

"Given that the real estate market across the nation has been soft recently, how do these inventory numbers for Lakeland compare to previous housing inventory numbers for the area?"

This question was posed to us last week from our previous post-Here is a breakdown of inventory compared to Lakeland:

Lakeland-

• current homes for sale 209 (107 of these homes are built 2005-2007)
• current pending sales 24
  
• 174 Homes Closed (74 homes built 2005-2007)
  

Bartlett

• Current Homes for Sale 536
• Current Pending Homes 63
• 468 Homes closed this year

Germantown

• Current Homes for sale 290
• Current Pending Homes 42
• 339 Homes closed this year

Collierville

• Current Homes for sale 469
• Current Pending Homes 52
• 509 Homes closed this year

Memphis

• Current homes for sale(over $110) 2450
• Current Pending 251
• 1571 Homes closed this year