Hernando County Real Estate Market Report October 2008
Posted: under Hernando County Real Estate, Spring Hill Real Estate Terms.
Tags: Brooksville homes for sale, Exit Success Realty, Hernando County Real Estate, Ridge Manor, Sherman Hills, Spring Hill Real Estate Terms
A view of October 2008 market activity for the Hernando County Real Estate market shows the average selling price of single family home in Hernando County dropped to the lowest in months. The number of homes sold during the month dropped after a jump in September. Homes sold during the same period fell from the previous to the fourth lowest of the year. In the comparison between listing price and sales price of homes closed, the variance held under eleven thousand during the month. The absorption rate that calculates how long it will take to exhaust all current listings rose to twenty one months after falling to the lowest of the year in September. A slight increase in the price per square foot in the cost of living space, provides a snapshot of dollar value of living space regardless of features.
As the market continues to make changes, buyers have more opportunity to negotiate for a home they want and sellers will have to adjust their expectations for profit to the new reality.
The following graphs are a overview of current and past conditions in the Hernando County Real Estate market. It includes existing residential home sale in Spring Hill, Brooksville, Ridge Manor, Weeki Wachee, Hernando Beach and all communities in Hernando County. 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
Request a more detailed analysis on property to find its current market value. I will provide a neighborhood price comparison on a community that you are planning a purchase to ensure your purchase is within current market value. With over ten years of experience in the real estate industry as a licensed agent. I can assist you in your next home purchase or sale in the Hernando County communities of Spring Hill, Weeki Wachee, Brooksville, Hernando Beach or Ridge Manor. My experience with Internet marketing 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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Nov 19 2008