The September 2008 market recap of Hernando County Real Estate shows a drop in the average average monthly sales price. The average price of an existing; single-family homes is at the lowest point in two years. The number of home sales during the same period increased to one hundred and sixty four sales, an improvement 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 residential listings, is currently at seventeen months. A continued drop of price per square foot 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.
I prepared the following graphs to 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
A detailed market analysis on property can assist a sellers determine the current market value or a buyer by comparing property for sale in a community that you are planning a purchase. 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 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
Hernando County Real Estate
Spring Hill Real Estate
*information deemed reliable but not guaranteed.
