Sales of both waterfront and non-waterfront residential properties were down from their incredible records last year to levels more in line with a typical October this year," said Chuck Murney, President of the Lakelands Association of REALTORS®. " With not enough new supply coming onto the market to meet current levels of demand, overall inventories are on their way back down again after rising during the summer. This lack of availability on the market is one of the major contributing factors to rising prices. Median prices for both waterfront and non-waterfront homes are trending at record or near-record levels.