THE Gail Spada TEAM continually analyzes sales data and identifies market trends to help you determine when is the perfect time to SELL or BUY a home in Hernando County, Florida.
The 2021-2022 housing market forecast remains optimistic as Hernando County home values continue to maintain their levels of appreciation even after the initial news of the COVID-19 Pandemic back in March 2020. Currently, Hernando County is experiencing a very strong “Seller’s Market” as housing inventory levels continue to remain at an historical all-time low! As more and more buyers are relocating to Florida, thereby causing pent-up demand, our advice for BUYERS is to “put your best foot forward” when submitting an offer. Low-ball offers would certainly put a buyer at risk of losing a home, especially in the presence of multiple-offers, which are very common in our current market.
Our “absorption rate” charts below compare the number of “homes sold” to the number of “homes for sale”. It’s one of the most relevant statistics for both SELLERS AND BUYERS to utilize in their decision-making regarding the sale and/or purchase of Hernando County real estate.
This information is another example of how THE Gail Spada TEAM generously offers our customers timely insight into the increasingly complicated real estate market.
… it’s all about YOU!
2020 Hernando County Real Estate Quarterly Market Trends
| Market Trends - Homes* | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 |
|---|---|---|---|---|
| Sales Volume | $191,257,414 | $207,572,702 | $265,486,254 | $256,333,208 |
| Number of Sales Qtr/Month | 948 (316/month) | 1012 (337/month) | 1197 (399/month) | 1115 (372/month) |
| Average List Price | $206,138 | $211,357 | $226,650 | $233,009 |
| Average Sale Price | $201,748 | $205,111 | $221,793 | $229,895 |
| List/Sale Ratio | 98% | 97% | 98% | 99% |
| Average DOM | 47 | 44 | 40 | 33 |
| Absorption Rate | 36% | 48% | 78% | 84% |
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.
2017-2020 Hernando County Real Estate Yearly Market Trends
| Market Trends - Homes* | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|
| Sales Volume | $674,906,112 | $766,266,581 | $828,926,240 | $934,660,810 |
| Number of Sales/Month | 4321 (360/month) | 4468 (372/month) | 4421 (368/month) | 4353 (363/month) |
| Average Listing Price | $162,305 | $177,257 | $193,111 | $219,836 |
| Average Sale Price | $156,192 | $171,501 | $187,497 | $214,864 |
| List/Sale Ratio | 96% | 97% | 97% | 98% |
| Average DOM | 51 | 47 | 47 | 41 |
| Absorption Rate | 33% | 34% | 38% | 62% |
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.
2020 Hernando County Real Estate Monthly Absorption Rates
| 2020 Month | Monthly Sold Homes* | # of Homes Available | Absorption Rates | Translate Please! |
|---|---|---|---|---|
| January | 287 | 887 | 32% | For every 100 Homes, 32 SOLD / 68 Did Not |
| February | 297 | 873 | 34% | For every 100 Homes, 34 SOLD / 66 Did Not |
| March | 364 | 842 | 43% MONTH 1 - COVID 19 | For every 100 Homes, 43 SOLD / 57 Did Not |
| April | 321 | 816 | 39% MONTH 2 - COVID 19 | For every 100 Homes, 39 SOLD / 61 Did Not |
| May | 297 | 710 | 42% MONTH 3 - COVID 19 | For every 100 Homes, 42 SOLD / 58 Did Not |
| June | 367 | 590 | 62% MONTH 4 - COVID 19 | For every 100 Homes, 62 SOLD / 38 Did Not |
| July | 399 | 591 | 68% MONTH 5 - COVID 19 | For every 100 Homes, 68 SOLD / 32 Did Not |
| August | 368 | 481 | 77% MONTH 6 - COVID 19 | For every 100 Homes, 77 SOLD / 23 Did Not |
| September | 407 | 454 | 90% MONTH 7 - COVID 19 | For every 100 Homes, 90 SOLD / 10 Did Not |
| October | 397 | 432 | 92% MONTH 8 - COVID 19 | For every 100 Homes, 92 SOLD / 8 Did Not |
| November | 340 | 444 | 77% MONTH 9 - COVID 19 | For every 100 Homes, 77 SOLD / 23 Did Not |
| December | 330 | 399 | 83% MONTH 10 - COVID 19 | For every 100 Homes, 83 SOLD / 17 Did Not |
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.
2019 Hernando County Real Estate Monthly Absorption Rates
| 2019 Month | Monthly Sold Homes* | # of Homes Available | Absorption Rates | Translate Please! |
|---|---|---|---|---|
| January | 253 | 1123 | 23% | For every 100 Homes, 23 SOLD / 77 Did Not |
| February | 307 | 1065 | 29% | For every 100 Homes, 29 SOLD / 71 Did Not |
| March | 379 | 1010 | 38% | For every 100 Homes, 38 SOLD / 62 Did Not |
| April | 407 | 996 | 41% | For every 100 Homes, 41 SOLD / 59 Did Not |
| May | 414 | 947 | 44% | For every 100 Homes, 44 SOLD / 56 Did Not |
| June | 395 | 904 | 44% | For every 100 Homes, 44 SOLD / 56 Did Not |
| July | 398 | 869 | 46% | For every 100 Homes, 46 SOLD / 54 Did Not |
| August | 360 | 866 | 42% | For every 100 Homes, 42 SOLD / 58 Did Not |
| September | 323 | 891 | 36% | For every 100 Homes, 36 SOLD / 64 Did Not |
| October | 373 | 905 | 41% | For every 100 Homes, 41 SOLD / 59 Did Not |
| November | 337 | 926 | 36% | For every 100 Homes, 36 SOLD / 64 Did Not |
| December | 339 | 909 | 37% | For every 100 Homes, 37 SOLD / 63 Did Not |
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.
2018 Hernando County Real Estate Monthly Absorption Rates
| 2018 Month | Monthly Sold Homes* | # of Homes Available | Absorption Rates | Translate Please! |
|---|---|---|---|---|
| January | 255 | 1096 | 23% | For every 100 Homes, 23 SOLD / 77 Did Not |
| February | 276 | 1090 | 25% | For every 100 Homes, 25 SOLD / 75 Did Not |
| March | 404 | 1097 | 37% | For every 100 Homes, 37 SOLD / 63 Did Not |
| April | 396 | 1027 | 39% | For every 100 Homes, 39 SOLD / 61 Did Not |
| May | 440 | 995 | 44% | For every 100 Homes, 44 SOLD / 56 Did Not |
| June | 417 | 959 | 44% | For every 100 Homes, 44 SOLD / 56 Did Not |
| July | 338 | 975 | 35% | For every 100 Homes, 35 SOLD / 65 Did Not |
| August | 334 | 1010 | 33% | For every 100 Homes, 33 SOLD / 67 Did Not |
| September | 346 | 1072 | 32% | For every 100 Homes, 32 SOLD / 68 Did Not |
| October | 339 | 1133 | 30% | For every 100 Homes, 30 SOLD / 70 Did Not |
| November | 361 | 1170 | 31% | For every 100 Homes, 31 SOLD / 69 Did Not |
| December | 366 | 1138 | 32% | For every 100 Homes, 32 SOLD / 68 Did Not |
* “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! |
|---|---|---|---|---|
| January | 256 | 1121 | 23% | For every 100 Homes, 23 SOLD / 77 DID NOT |
| February | 265 | 1164 | 23% | For every 100 Homes, 23 SOLD / 77 DID NOT |
| March | 387 | 1140 | 34% | For every 100 Homes, 34 SOLD / 66 DID NOT |
| April | 366 | 1038 | 35% | For every 100 Homes, 35 SOLD / 65 DID NOT |
| May | 428 | 1014 | 42% | For every 100 Homes, 42 SOLD / 58 DID NOT |
| June | 377 | 944 | 40% | For every 100 Homes, 40 SOLD / 60 DID NOT |
| July | 363 | 950 | 38% | For every 100 Homes, 38 SOLD / 62 DID NOT |
| August | 393 | 957 | 41% | For every 100 Homes, 41 SOLD / 59 DID NOT |
| September | 264 | 960 | 28% | For every 100 Homes, 28 SOLD / 72 DID NOT |
| October | 322 | 1011 | 32% | For every 100 Homes, 32 SOLD / 68 DID NOT |
| November | 311 | 1045 | 30% | For every 100 Homes, 30 SOLD / 70 DID NOT |
| December | 357 | 1060 | 34% | For every 100 Homes, 34 SOLD / 66 DID NOT |
* “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! |
|---|---|---|---|---|
| January | 284 | 1255 | 23% | For every 100 Homes, 23 SOLD / 77 DID NOT |
| February | 309 | 1267 | 24% | For every 100 Homes, 24 SOLD / 76 DID NOT |
| March | 390 | 1232 | 32% | For every 100 Homes, 32 SOLD / 68 DID NOT |
| April | 361 | 1242 | 29% | For every 100 Homes, 29 SOLD / 71 DID NOT |
| May | 369 | 1163 | 32% | For every 100 Homes, 32 SOLD / 68 DID NOT |
| June | 389 | 1138 | 34% | For every 100 Homes, 34 SOLD / 66 DID NOT |
| July | 394 | 1140 | 35% | For every 100 Homes, 35 SOLD / 65 DID NOT |
| August | 363 | 1149 | 32% | For every 100 Homes, 32 SOLD / 68 DID NOT |
| September | 369 | 1146 | 32% | For every 100 Homes, 32 SOLD / 68 DID NOT |
| October | 318 | 1164 | 27% | For every 100 Homes, 27 SOLD / 73 DID NOT |
| November | 312 | 1175 | 27% | For every 100 Homes, 27 SOLD / 73 DID NOT |
| December | 337 | 1091 | 31% | 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! |
|---|---|---|---|---|
| January | 246 | 1518 | 16% | For every 100 Homes, 16 SOLD / 84 DID NOT |
| February | 283 | 1563 | 18% | For every 100 Homes, 18 SOLD / 82 DID NOT |
| March | 348 | 1512 | 23% | For every 100 Homes, 23 SOLD / 77 DID NOT |
| April | 376 | 1420 | 26% | For every 100 Homes, 26 SOLD / 74 DID NOT |
| May | 365 | 1336 | 27% | For every 100 Homes, 27 SOLD / 73 DID NOT |
| June | 402 | 1307 | 31% | For every 100 Homes, 31 SOLD / 69 DID NOT |
| July | 410 | 1319 | 31% | For every 100 Homes, 31 SOLD / 69 DID NOT |
| August | 328 | 1275 | 26% | For every 100 Homes, 26 SOLD / 74 DID NOT |
| September | 380 | 1266 | 30% | For every 100 Homes, 30 SOLD / 70 DID NOT |
| October | 327 | 1286 | 25% | For every 100 Homes, 25 SOLD / 75 DID NOT |
| November | 270 | 1268 | 21% | For every 100 Homes, 21 SOLD / 79 DID NOT |
| December | 314 | 1269 | 25% | 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! |
|---|---|---|---|---|
| January | 247 | 1712 | 14% | Out of every 100 Homes, 14 SOLD and 86 DID NOT ... |
| February | 246 | 1692 | 15% | Out of every 100 Homes, 15 SOLD and 85 DID NOT ... |
| March | 330 | 1658 | 20% | Out of every 100 Homes, 20 SOLD and 80 DID NOT.... |
| April | 343 | 1626 | 21% | Out of every 100 Homes, 21 SOLD and 79 DID NOT.... |
| May | 327 | 1576 | 21% | Out of every 100 Homes, 21 SOLD and 79 DID NOT.... |
| June | 322 | 1568 | 21% | Out of every 100 Homes, 21 SOLD and 79 DID NOT.... |
| July | 288 | 1528 | 19% | Out of every 100 Homes, 19 SOLD and 81 DID NOT.... |
| August | 300 | 1540 | 19% | Out of every 100 Homes, 19 SOLD and 81 DID NOT.... |
| September | 302 | 1563 | 19% | Out of every 100 Homes, 19 SOLD and 81 DID NOT.... |
| October | 341 | 1581 | 22% | Out of every 100 Homes, 22 SOLD and 78 DID NOT.... |
| November | 269 | 1544 | 17% | Out of every 100 Homes, 17 SOLD and 83 DID NOT.... |
| December | 333 | 1552 | 22% | 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! |
|---|---|---|---|---|
| January | 238 | 1669 | 14% | Out of 100 Homes, 14 SOLD and 86 DID NOT ... |
| February | 277 | 1633 | 17% | Out of 100 Homes, 17 SOLD and 83 DID NOT ... |
| March | 307 | 1575 | 20% | Out of 100 Homes, 20 SOLD and 80 DID NOT ... |
| April | 335 | 1525 | 22% | Out of 100 Homes, 22 SOLD and 78 DID NOT ... |
| May | 355 | 1472 | 25% | Out of 100 Homes, 25 SOLD and 75 DID NOT ... |
| June | 308 | 1473 | 21% | Out of 100 Homes, 21 SOLD and 79 DID NOT ... |
| July | 350 | 1466 | 24% | Out of 100 Homes, 24 SOLD and 76 DID NOT ... |
| August | 323 | 1469 | 22% | Out of 100 Homes, 22 SOLD and 78 DID NOT ... |
| September | 263 | 1560 | 17% | Out of 100 Homes, 17 SOLD and 83 DID NOT ... |
| October | 310 | 1635 | 19% | Out of 100 Homes, 19 SOLD and 81 DID NOT ... |
| November | 272 | 1723 | 16% | Out of 100 Homes, 16 SOLD and 84 DID NOT ... |
| December | 277 | 1729 | 16% | 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! |
|---|---|---|---|---|
| January | 170 | 1850 | 9% | Out of 100 Homes, ONLY 9 SOLD! 91 Homes DID NOT SELL |
| February | 220 | 1800 | 12% | Out of 100 Homes, ONLY 12 SOLD! 88 Homes DID NOT SELL |
| March | 260 | 1754 | 15% | Out of 100 Homes, ONLY 15 SOLD! 85 Homes DID NOT SELL |
| April | 254 | 1670 | 15% | Out of 100 Homes, ONLY 15 SOLD! 85 Homes DID NOT SELL |
| May | 282 | 1600 | 18% | Out of 100 Homes, ONLY 18 SOLD! 82 Homes DID NOT SELL |
| June | 252 | 1562 | 16% | Out of 100 Homes, ONLY 16 SOLD! 84 Homes DID NOT SELL |
| July | 218 | 1623 | 13% | Out of 100 Homes, ONLY 13 SOLD! 87 Homes DID NOT SELL |
| August | 227 | 1650 | 14% | Out of 100 Homes, ONLY 14 SOLD! 86 Homes DID NOT SELL |
| September | 234 | 1723 | 14% | Out of 100 Homes, ONLY 14 SOLD! 86 Homes DID NOT SELL |
| October | 246 | 1719 | 14% | Out of 100 Homes, ONLY 14 SOLD! 86 Homes DID NOT SELL |
| November | 281 | 1716 | 16% | Out of 100 Homes, ONLY 16 SOLD! 84 Homes DID NOT SELL |
| December | 286 | 1705 | 17% | 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! |
|---|---|---|---|---|
| January | 185 | 2460 | 8% | Out of 100 Homes, ONLY 8 SOLD! 92 Homes DID NOT SELL |
| February | 203 | 2392 | 8% | Out of 100 Homes, ONLY 8 SOLD! 92 Homes DID NOT SELL |
| March | 282 | 2350 | 12% | Out of 100 Homes, ONLY 12 SOLD! 88 Homes DID NOT SELL |
| April | 265 | 2254 | 12% | Out of 100 Homes, ONLY 12 SOLD! 88 Homes DID NOT SELL |
| May | 262 | 2055 | 13% | Out of 100 Homes, ONLY 13 SOLD! 87 Homes DID NOT SELL |
| June | 247 | 2137 | 12% | Out of 100 Homes, ONLY 12 SOLD! 88 Homes DID NOT SELL |
| July | 211 | 1998 | 11% | Out of 100 Homes, ONLY 11 SOLD! 89 Homes DID NOT SELL |
| August | 214 | 1983 | 11% | Out of 100 Homes, ONLY 11 SOLD! 89 Homes DID NOT SELL |
| September | 203 | 1964 | 10% | Out of 100 Homes, ONLY 10 SOLD! 90 Homes DID NOT SELL |
| October | 207 | 1978 | 11% | Out of 100 Homes, ONLY 11 SOLD! 89 Homes DID NOT SELL |
| November | 190 | 1990 | 10% | Out of 100 Homes, ONLY 10 SOLD! 90 Homes DID NOT SELL |
| December | 242 | 1980 | 12% | 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.