During August 2022, the trend continued that our local Hernando County real estate market was being somewhat impacted by rising mortgage interest rates, increasing home inventory levels and other economic factors. For the month of AUGUST 2022, on average, 607 Homes were fully active and available “For Sale” within our Hernando County Multiple List Service (MLS). In comparison, for AUGUST 2021, only 285 Homes were fully active and available “For Sale” within our Hernando County MLS. The increase in housing inventory of 113% more homes on the market means BUYERS have more choices from which to choose. For SELLERS, even though fewer homes sold in August this year than the same time last year, AUGUST 2022 SELLERS continued to experience relatively strong values year over year.
Stay tuned for our BLOG next month evaluating SEPTEMBER 2022 Market Trends!
|Housing Market Trends||August 2022||August 2021||% +/–|
|Total Sales Volume||$99,280,366||$102,898,314||-4%|
|Average List Price||$332,038||$274,973||+21%|
|Average SALE Price||$327,657||$274,395||+19%|
|Total # Homes “FOR SALE”||607||285||+113%||Total # Homes “SOLD”||303||375||-19%|
|Average Days on Market||17||13|
THE Gail Spada TEAM continually tracks our local market trends to help buyers and sellers stay on top of our ever-changing and complex real estate market. The chart above illustrates trend comparisons for single family homes, condos, townhomes, villas and manufactured homes listed in the Hernando County Multiple List Service (MLS). Please note that listings identified as mobile homes are not included in the totals. The MLS data is assumed to be accurate.
We hope you found this post to be helpful, informative and interesting… Stay informed by checking out our local Hernando County Market Conditions on a regular basis.
Thinking of SELLING or BUYING a home in the Spring Hill, Brooksville, Weeki Wachee or the Hernando Beach areas of Hernando County, Florida? Check out our Aerial Video Tour of Hernando County to see what our County has to offer you and your family! Visit www.GailSellsFloridaHomes.com to explore our state-of-the-art MLS Map Search Feature where BUYERS can SEARCH MLS listings and SELLERS can SEE what their competition is doing!
Until then… it’s all about YOU!