Current Hernando County Real Estate Trends
Hernando County, Florida’s current real estate market trends and statistics for the last 90 days as of 6/22/2024 are as follows:
– The number of closed sales is 306, which shows an upward trend of 14%.
– Pending sales are currently at 470 up by 21%
– Active listings have increased by 5%, with a total of 1,167 listings.
– The months of inventory has leveled at 3.
– The average total days on the market is 53.
– The sale price to list price ratio is 95%
Based on the latest data, the real estate market in Hernando County, Florida has shown positive trends in the last 90 days. The number of closed sales has increased by 14%, with 306 closed sales recorded. Additionally, pending sales have seen a significant increase, rising by 21% to reach 470 pending sales. The number of active listings has also gone up by 5%, resulting in a total of 1,167 listings. The months of inventory have stabilized at 3, indicating a balanced market. The average total days on the market is 53, and the sale price to list price ratio stands at 95%. These statistics paint a picture of a dynamic and competitive real estate market in Hernando County.
Still a Balanced Market
The active listings in Hernando County have increased, this shows that the market is active and more properties are being listed for sale. However, despite the increase in inventory, the months of inventory have remained at 3, which means that the market is still balanced between buyers and sellers.
Overall, the real estate market in Hernando County, Florida is currently favorable for both buyers and sellers. The increase in pending sales and active listings shows that there is a demand for properties in the area, while the months of inventory and sale price to list price ratio show that the market is still balanced. If you are a seller, now is a good time to list your property, while buyers can still find properties at a fair price. However, it is important to keep an eye on the market trends to make informed decisions.
Source of Stats: WPBOR MLS
