The Lakewood Ranch housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 10.4% in the past month alone. With 3.9 months of supply, Lakewood Ranch's inventory levels remain relatively tight. Homes are now taking an average of 74 days to sell, significantly longer than the 49 days typical for this market. A significant 23.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 5.2% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Lakewood Ranch market with the affordability index at 146.0. Based on current market indicators, home prices in Lakewood Ranch are projected to decrease by approximately 11.7% over the next month.