Hernando County Local Market Conditions

Hernando County Local Market Conditions

THE Gail Spada TEAM continually analyzes data and identifies market trends to help you determine when is the perfect time to buy or sell a home in Hernando County.

2016 “Total Yearly Sales Volume” finished at almost a 20% increase, compared to 2015.  The 2017-2018 forecast is also very optimistic as values continue to appreciate at a gradual steady upward pace since 2012.  Our advice for sellers is to price your property realistically.  Our advice for buyers is to “put your best foot forward” when submitting an offer.  Our “absorption rate” charts below compare the number of “homes sold” to the number of “homes for sale”.  It is one of the most relevant statistics for BOTH buyers and sellers.

This information is another example of how THE Gail Spada TEAM generously offers our customers insight into the increasingly complicated real estate market.

… it’s all about YOU!


2017 Hernando County Real Estate Quarterly Market Trends

Market Trends - Homes*Q1 2017Q2 2017Q3 2017Q4 2017
Sales Volume$132,711,227
$189,684,406Coming Soon ...Coming Soon ...
Number of Sales Qtr/Month930 (310/month)1202 (401/month)
Average Listing Price$149,969
$163,586
Average Sale Price$142,700
$157,807
List/Sale Ratio95%
97%
Average DOM60
50
Absorption Rate27%
39%
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

2013-2016 Hernando County Real Estate Yearly Market Trends

Market Trends - Homes*2013201420152016
Sales Volume$386,832,469$420,866,294$502,971,323$597,975,003
Number of Sales/Month3721 (310/month)3790 (316/month)4106 (342/month)4353 (363/month)
Average Listing Price$109,788$116,934$126,493$143,171
Average Sale Price$103,959$111,047$120,774$137,570
List/Sale Ratio95%95%96%96%
Average DOM97928372
Absorption Rate19%19%25%30%
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

2017 Hernando County Real Estate Monthly Absorption Rates

2017
Month
Monthly
Sold Homes*
# of Homes
Available
Absorption
Rates
Translate
Please!
January256112123%For every 100 Homes,
23 SOLD / 77 DID NOT
February265116423%For every 100 Homes,
23 SOLD / 77 DID NOT
March3871140
34%
For every 100 Homes,
34 SOLD / 66 DID NOT
April366103835%For every 100 Homes,
35 SOLD / 65 DID NOT
May428101442%For every 100 Homes,
42 SOLD / 58 DID NOT
June37794440%For every 100 Homes,
40 SOLD / 60 DID NOT
July36395038%For every 100 Homes,
38 SOLD / 62 DID NOT
August
September
October
November
December
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

2016 Hernando County Real Estate Monthly Absorption Rates

2016
Month
Monthly
Sold Homes*
# of Homes
Available
Absorption
Rates
Translate
Please!
January284125523%For every 100 Homes,
23 SOLD / 77 DID NOT
February309126724%For every 100 Homes,
24 SOLD / 76 DID NOT
March390123232%For every 100 Homes,
32 SOLD / 68 DID NOT
April361124229%For every 100 Homes,
29 SOLD / 71 DID NOT
May369116332%For every 100 Homes,
32 SOLD / 68 DID NOT
June389113834%For every 100 Homes,
34 SOLD / 66 DID NOT
July394114035%For every 100 Homes,
35 SOLD / 65 DID NOT
August363114932%For every 100 Homes,
32 SOLD / 68 DID NOT
September369114632%For every 100 Homes,
32 SOLD / 68 DID NOT
October318116427%For every 100 Homes,
27 SOLD / 73 DID NOT
November312117527%For every 100 Homes,
27 SOLD / 73 DID NOT
December337109131%For every 100 Homes,
31 SOLD / 69 DID NOT
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

 2015 Hernando County Real Estate Monthly Absorption Rates

2015
Month
Monthly
Sold Homes*
# of Homes
Available
Absorption
Rates
Translate
Please!
January246151816%For every 100 Homes,
16 SOLD / 84 DID NOT
February283156318%For every 100 Homes,
18 SOLD / 82 DID NOT
March348151223%For every 100 Homes,
23 SOLD / 77 DID NOT
April376142026%For every 100 Homes,
26 SOLD / 74 DID NOT
May365133627%For every 100 Homes,
27 SOLD / 73 DID NOT
June402130731%For every 100 Homes,
31 SOLD / 69 DID NOT
July410131931%For every 100 Homes,
31 SOLD / 69 DID NOT
August328127526%For every 100 Homes,
26 SOLD / 74 DID NOT
September380126630%For every 100 Homes,
30 SOLD / 70 DID NOT
October327128625%For every 100 Homes,
25 SOLD / 75 DID NOT
November270126821%For every 100 Homes,
21 SOLD / 79 DID NOT
December314126925%For every 100 Homes,
25 SOLD / 75 DID NOT
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

2014 Hernando County Real Estate Monthly Absorption Rates

2014
Month
Monthly
Sold Homes*
# of Homes
Available
Absorption
Rates
Translate
Please!
January247171214%Out of every 100 Homes,
14 SOLD and 86 DID NOT ...
February246169215%Out of every 100 Homes,
15 SOLD and 85 DID NOT ...
March330165820%Out of every 100 Homes,
20 SOLD and 80 DID NOT....
April343162621%Out of every 100 Homes,
21 SOLD and 79 DID NOT....
May327157621%Out of every 100 Homes,
21 SOLD and 79 DID NOT....
June322156821%Out of every 100 Homes,
21 SOLD and 79 DID NOT....
July288152819%Out of every 100 Homes,
19 SOLD and 81 DID NOT....
August300154019%Out of every 100 Homes,
19 SOLD and 81 DID NOT....
September302156319%Out of every 100 Homes,
19 SOLD and 81 DID NOT....
October341158122%Out of every 100 Homes,
22 SOLD and 78 DID NOT....
November269154417%Out of every 100 Homes,
17 SOLD and 83 DID NOT....
December333155222%Out of every 100 Homes,
22 SOLD and 88 DID NOT....
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

2013 Hernando County Real Estate Monthly Absorption Rates

2013
Month
Monthly
Sold Homes*
# of Homes
Available
Absorption
Rates
Translate
Please!
January238166914%Out of 100 Homes, 14 SOLD
and 86 DID NOT ...
February277163317%Out of 100 Homes, 17 SOLD
and 83 DID NOT ...
March307157520%Out of 100 Homes, 20 SOLD
and 80 DID NOT ...
April335152522%Out of 100 Homes, 22 SOLD
and 78 DID NOT ...
May355147225%Out of 100 Homes, 25 SOLD
and 75 DID NOT ...
June308147321%Out of 100 Homes, 21 SOLD
and 79 DID NOT ...
July350146624%Out of 100 Homes, 24 SOLD
and 76 DID NOT ...
August323146922%Out of 100 Homes, 22 SOLD
and 78 DID NOT ...
September263156017%Out of 100 Homes, 17 SOLD
and 83 DID NOT ...
October310163519%Out of 100 Homes, 19 SOLD
and 81 DID NOT ...
November272172316%Out of 100 Homes, 16 SOLD
and 84 DID NOT ...
December277172916%Out of 100 Homes, 16 SOLD
and 84 DID NOT ...
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

2012 Hernando County Real Estate Monthly Absorption Rates

2012
Month
Monthly
Sold Homes*
# of Homes
Available
Absorption
Rates
Translate
Please!
January17018509%Out of 100 Homes, ONLY 9 SOLD!
91 Homes DID NOT SELL
February220180012%Out of 100 Homes, ONLY 12 SOLD!
88 Homes DID NOT SELL
March260175415%Out of 100 Homes, ONLY 15 SOLD!
85 Homes DID NOT SELL
April254167015%Out of 100 Homes, ONLY 15 SOLD!
85 Homes DID NOT SELL
May282160018%Out of 100 Homes, ONLY 18 SOLD!
82 Homes DID NOT SELL
June252156216%Out of 100 Homes, ONLY 16 SOLD!
84 Homes DID NOT SELL
July218162313%Out of 100 Homes, ONLY 13 SOLD!
87 Homes DID NOT SELL
August227165014%Out of 100 Homes, ONLY 14 SOLD!
86 Homes DID NOT SELL
September234172314%Out of 100 Homes, ONLY 14 SOLD!
86 Homes DID NOT SELL
October246171914%Out of 100 Homes, ONLY 14 SOLD!
86 Homes DID NOT SELL
November281171616%Out of 100 Homes, ONLY 16 SOLD!
84 Homes DID NOT SELL
December286170517%Out of 100 Homes, ONLY 16 SOLD!
83 Homes DID NOT SELL
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.

2011 Hernando County Real Estate Monthly Absorption Rates

2011
Month
Monthly
Sold Homes*
# of Homes
Available
Absorption
Rates
Translate
Please!
January18524608%Out of 100 Homes, ONLY 8 SOLD!
92 Homes DID NOT SELL
February20323928%Out of 100 Homes, ONLY 8 SOLD!
92 Homes DID NOT SELL
March282235012%Out of 100 Homes, ONLY 12 SOLD!
88 Homes DID NOT SELL
April265225412%Out of 100 Homes, ONLY 12 SOLD!
88 Homes DID NOT SELL
May262205513%Out of 100 Homes, ONLY 13 SOLD!
87 Homes DID NOT SELL
June247213712%Out of 100 Homes, ONLY 12 SOLD!
88 Homes DID NOT SELL
July2111998
11%Out of 100 Homes, ONLY 11 SOLD!
89 Homes DID NOT SELL
August214198311%Out of 100 Homes, ONLY 11 SOLD!
89 Homes DID NOT SELL
September203196410%Out of 100 Homes, ONLY 10 SOLD!
90 Homes DID NOT SELL
October207197811%Out of 100 Homes, ONLY 11 SOLD!
89 Homes DID NOT SELL
November190199010%Out of 100 Homes, ONLY 10 SOLD!
90 Homes DID NOT SELL
December242198012%Out of 100 Homes, ONLY 12 SOLD!
88 Homes DID NOT SELL
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.