For the past month of January 2023, on average, 835 Homes were “For Sale” (fully active and available) within our Hernando County Multiple List Service (MLS). In comparison, only 187 Homes were “For Sale” (fully active and available) within our Hernando County MLS for January 2022. The 2023 housing inventory increased +347%, meaning that January 2023 BUYERS had many more choices from which to choose. Based on the increase in housing inventory, coupled with other economic forces, January 2023 SELLERS experienced a -1.8% decline in “Average Sale Price”, compared to January 2022.
Stay tuned for our BLOG next month evaluating FEBRUARY 2023 Hernando County Real Estate Market Trends!
|Housing Market Trends||January 2023||January 2022||% +/–|
|Total Sales Volume||$57,118,189||$81,551,882||-30%|
|Average List Price||$310,424||$311,609||-0.4%|
|Average SALE Price||$302,212||$307,742||-1.8%|
|Total # Homes “FOR SALE”||835||187||+347%||Total # Homes “SOLD”||189||265||-29%|
|Average Days on Market||39||17|
HOMES IN THE SUN 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.HomesInTheSunTeam.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… we’re all about YOU!