Year-over-year, Lake City’s rolling three-month data points to a cooler housing market with lower prices and less activity. The typical home value over the latest three months is down sharply from a year ago, with median sale price off nearly 28 percent and homes sold dropping more than 50 percent. Active listings are also down about one-third compared with last year, signaling fewer options for shoppers even as prices have softened.
Conditions in the most recent three-month window through September 2026 show a market that still favors sellers but with some mixed signals. Median days on market have fallen to 25 days, down about 32 percent from a year ago, and months of supply remains low at 1.3 months, both of which underscore ongoing seller leverage despite slower sales counts. At the same time, the share of homes selling above list price has eased to 20 percent, and the average sale-to-list ratio has slipped to roughly 94 percent, confirming that buyers have gained a bit more room to negotiate.
Recent listing trends offer additional context as new listings are down around 12 percent year over year while pending sales have fallen nearly 33 percent, reflecting a slower pace on both the supply and demand sides. With only 10 active listings and 6 recent pending sales, each listing can draw focused attention but may require realistic pricing. Agent Pronto can connect both buyers and sellers in Lake City with an agent who understands these shifting dynamics and can guide them through their next move.
