"Similar to the last few months, sales of both waterfront and non-waterfront residential properties remained well below average levels for this time of year as past and future interest rate increases continue to weigh on buyer sentiment," said Chuck Murney, President of the Lakelands Association of REALTORS®. "That being said, average sales price for both waterfront and non-waterfront homes are holding strong and a solid showing on the new supply side provides some good news to buyers who are still in the market and now have a wider selection of properties to choose from than they did when available listings hit their lowest levels on record only several months ago."