The Hernando County Real Estate Market is showing signs of rebounding. Closings are up 12% at 177 for the month while average home price fell around 5% from the previous month. The continued growth in the number of sales helps push the absorption rate to 20 months of inventory.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Florida 34609
352-686-2222
Spring Hill Real Estate
Spring Hill Real Estate
*information deemed reliable but not guaranteed.
Thursday, June 5, 2008
Hernando County Absorption Rate May 2008
Absorption Rate -The amount of time at which properties are able to be leased or sold in a given area.
Absorption Rate for the past 10 months in Hernando County. Several factors influence the projected rate of how long it will take to sell all of the current listings. Homes sold, withdrawn and expired are the some of main factors.
Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Florida 34609
352-686-2222
Spring Hill Real Estate
Spring Hill Real Estate
*information deemed reliable but not guaranteed.
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