Hernando County Real Estate Market Report October 2008
Posted: under Hernando County Real Estate, Spring Hill Real Estate Terms.
Tags: Exit Success Realty, Hernando County Real Estate, Spring Hill Real Estate Terms
Home sales in Hernando County for October 2008 is at the third lowest for the year. The average sales price of an existing; single-family homes is at the lowest point in two years. The variance between average listing price and average sales price of homes closed held steady from the previous month to around ten thousand dollars. The absorption rate that calculates how long it will take to exhaust all current residential listings, jumped to twenty one months of inventory due to falling home sales during the month. The average price per square foot for homes sold during the month rose slightly to just about seventy eight dollars a square foot.
The market continues to make changes, buyers have more opportunity to negotiate for a home they want. Sellers will have to adjust their expectations for profit to the new reality.
The graphs detail the current and past conditions in the Hernando County Real Estate market. The information provided here is general and may not reflect the same trend in every community.
Existing home sales
Sales variance
Hernando County Absorption Rate
Average Sales Price
Price per square foot
Sold vs list price
Working with buyers and sellers to assist you in your next home purchase or sale in Hernando County Real Estate. I can determine the current market value of your home to ensure it is priced to sell.
If your planning to purchase in a community I can provide a market analysis of current market conditions in the neighborhoods to determine a competitive offer to submit. With over ten years of experience in the real estate industry as a licensed agent. I will assist you in your next home purchase or sale in the communities of Spring Hill, Weeki Wachee, Brooksville, Hernando Beach or Ridge Manor. My internet marketing experience and knowledge of current market conditions provides me with an advantage that benefits you the customer.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr.
Spring Hill, Florida 34609
*information deemed reliable but not guaranteed.
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Dec 01 2008