Home sales in Hernando County for November 2008 maintained the same as October. The average sales price of an existing; single-family homes dropped over to just above one hundred twenty thousand which remains the lowest of the two years tracked. 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 that calculates how long it will take to exhaust all current residential listings, dropped to twenty months of inventory. The absorption rate maintained due to the active inventory and sales numbers remaining steady from the previous month. The average price per square foot for homes sold during the month recorded a large drop from seventy eight dollars to just above seventy one dollars per 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
<img src=”http://spreadsheets.google.com/pub?key=pwTowB3i4dshC3ZYj2quzLg&oid=11&output=image” alt=”" />
Sales variance
<img src=”http://spreadsheets.google.com/pub?key=pwTowB3i4dshC3ZYj2quzLg&oid=12&output=image” alt=”" />
Hernando County Absorption Rate
<img src=”http://spreadsheets.google.com/pub?key=pwTowB3i4dshC3ZYj2quzLg&oid=13&output=image” alt=”" />
Average Sales Price
<img src=”http://spreadsheets.google.com/pub?key=pwTowB3i4dshC3ZYj2quzLg&oid=17&output=image” alt=”" />
Price per square foot
<img src=”http://spreadsheets.google.com/pub?key=pwTowB3i4dshC3ZYj2quzLg&oid=15&output=image” alt=”" />
Sold vs list price
<img src=”http://spreadsheets.google.com/pub?key=pwTowB3i4dshC3ZYj2quzLg&oid=14&output=image” alt=”" />
Working with buyers and sellers to assist you in your next home purchase or sale in Hernando County Real Estate. I can determine the current market value of your home to ensure it is priced to sell.
If your planning to purchase in a community I can provide a market analysis of current market conditions in the neighborhoods to determine a competitive 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
<a href=”http://www.soldbychris.com” target=”new”>Hernando County Real Estate</a>
<a href=”http://www.springhillfloridarealestateonline.com” target=”new”>Spring Hill Real Estate</a>
*information deemed reliable but not guaranteed.