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The Hernando County Real Estate Market Report for May 2008 shows a small dip since April but still increased from the first three months of the year.  With more homes being closed the consumer is taking advantage of the affordable home prices.

 

 

 

 Sellers are still accepting a greater variance from the listing price.  May of 2008 posted over a $15,000 difference in selling price vs listing price.

 

                                                                                                 

 

 

For more information on the Hernando County Real Estate Market contact

Chris Frantz
Exit Success Realty
13111 Spring Hill Dr
Spring Hill Florida 34609
352-686-2222

*information deemed reliable but not guaranteed.
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The Hernando County Real Estate Market continues to show signs of improving.  Closings are up at 193 for the month while average home price fell a from the previous month.  The continued growth in the number of sales helps push the absorption rate to 19 months of inventory. 

 

   May-08 Total List Price $33,593,277 Total Sold Price $30,614,952 Highest List Price Monthly Average $3,200,000 Highest Sold Price Monthly Average $2,225,000 Lowest List Price $20,000 … Read Full Post

A Golf Course Community located in the eastern part of Hernando County.  The community is being built by Adams Homes in three phases, with phase one completed.  When completed the addition will consist of 600 single-family homes.  The subdivision is bounded by Withaloochee State Forest to the North and has Sherman Hills Golf Course inlayed thought the community.  The subdivions boast a large community clubhouse with a pool, tennis court, pool table, fitness center and space for other recreational area.  It is conveniently located off state rd 50(Cortez blvd) less than a quarter mile from I-75.  The location affords a quick commute to Tampa while living in a rural country setting.  Shopping and other entertainment is less than a 20-minute drive east to…

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I found this interesting video on youtube that plots US home prices from 1890 to present.  The prices are adjusted for inflation and gives you a wild ride.

 

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Is the Hernando County Real Estate market showing signs of rebounding?  With the average closed price down over $43,000 from January 2007 until March 2008.  The month of April showed an increase of $27,000, a 16% jump from March. And the numbers of homes sold also rose for the third month in a row.  Increasing by 50 homes from a low of 106 in January to 156 in April.  So the time to buy may be upon us as the average sales price increases and the number of homes sold rises.

 

 

*information not guaranteed.

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The Hernando County Real Estate market is showing signs of rebounding.  With the average closed price down over $43,000 from January 2007 until March 2008.  A 24% decrease in closed price may have signaled a bottoming out of home prices in the county.  Homes sold rose to 153 in the month of March from a low of 108 in January.  A sign that may signal the stop in the drop in home prices.  The next couple of months will be key to find out if prices stabilize or gain. 

For more information of homes for sale in hernando county search all available homes currently on the market. Or for more information on the Hernando County Real Estate Market.

 

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