Hernando County Real Estate Market Report October 2008

A market review of the Hernando County Real Estate residential home sales for October 2008 reported the fourth consecutive drop in the average sales. The average sales price of an existing; single-family homes is at the lowest point in two years. The October numbers dropped to the third lowest for the year following a September increase. When comparing the difference between average listing price and average sales price of homes closed, the variance 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

To determine the current market value of your home, a detailed analysis on property can be requested. If your planning to purchase a seller should request a analysis of current market conditions in the neighborhoods to determine a competative 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

Hernando County Real Estate

Spring Hill Real Estate

*information deemed reliable but not guaranteed.