soldbychris

The October 2008 market report for Hernando County Real Estate providing information about market activity. Home sales 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 shows how long it's taking to sell a home in hernando county. Whiched jumped ...

In September 2008, the average sales price of an existing; single-family home in the Hernando County fell to the lowest in months. The number of home sales during the same period rose to one hundred and sixty four sales, a increase from the past two months. In the comparison between listing price and sales price of homes closed, the variance fell to just above ten thousand dollars during the month. The absorption rate that calculates how long it will take to exhaust all current listings, is currently ...

Hernando County Real Estate Market for September 2008 details the activity of the market for the month. The report show a increase in homes sales from the previous month. While the falling average sales prices continues the trend of a buyers market.

All Active Listings
2,820
Listing Price Average
$225,213
New Listings
419
All Closed Listings
164
Sold Listing Price Average
$144,610
Selling Price Average
$135,244 ...

The Hernando County Real Estate existing home average sales price continues its roller coaster ride. The current down trend far outpaced the average listed price. This created the largest variance between average list price and average sales price in past 18 month.



The average difference hit just under $16,000, which is the highest in 18 months.
...

The current market conditions for the month shows existing homes sales at its second lowest since January 2007. The market has slowed for sellers making this a buyers market.

Homes closed for August 2008




The absorption rate current is just at 2 years.

Absorption Rate: is the number of weeks it takes to sell the current inventory at the ...