For the last several months, BUYERS are experiencing an ever-improving supply of housing inventory, giving them more choices from which to choose. On the flip side, as more housing inventory becomes available, SELLERS are finding their homes are typically spending more time on the market. Additionally, as the number of available homes “FOR SALE” increases, there has been a notable drop in “bidding wars” which were previously very common in our market.
Surprisingly, even with the widely forecasted market shift or re-balancing, Hernando County’s OCTOBER 2022 “Average Sale Price” of $329,343 reflected a +17% increase over the OCTOBER 2021 “Average Sale Price” of $280,802. Visit our BLOG for more detailed monthly market-trend year over year comparisons.
To continually analyze sales data and identify market trends, our TEAM strives to help SELLERS and BUYERS determine when it’s the ideal time to either SELL or BUY a home in Hernando County, Florida. Check out the Quarterly and Yearly Market Trends data below for Hernando County.
Our “Absorption Rate” charts below compare the number of “Closed Home Sales” to the number of “Fully Available Home Listings”. An absorption rate is 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!2022 Hernando County Real Estate Quarterly Market Trends
| Market Trends - Homes* | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 |
|---|---|---|---|---|
| Sales Volume | $300,583,712 | $360,111,593 | $288,955,469 | Coming Soon! |
| Number of Sales Qtr/Month | 949/316 | 1054/351 | 875/291 | |
| Average List Price | $317,260 | $340,148 | $336,674 | |
| Average Sale Price | $316,737 | $341,661 | $330,234 | |
| List/Sale Ratio | 99.8% | 100% | 98.1% | |
| Average DOM | 18 | 12 | 16 | |
| Absorption Rate | 159% ~Historically-Strong SELLER'S MARKET~ | 132% ~Inventory Increases w/Decreased # of Sales~ | 48% ~Inventory Increases w/Decreased # of Sales~ |
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.
2018-2021 Hernando County Real Estate Yearly Market Trends
| Market Trends - Homes* | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Sales Volume | $766,266,581 | $828,926,240 | $934,660,810 | $1,163,513,025 |
| Number of Sales/Month | 4468 (372/month) | 4421 (368/month) | 4353 (363/month) | 4438 (370/month) |
| Average Listing Price | $177,257 | $193,111 | $219,836 | $263,572 |
| Average Sale Price | $171,501 | $187,497 | $214,864 | $262,171 |
| List/Sale Ratio | 97% | 97% | 98% | 99.3% |
| Average DOM | 47 | 47 | 41 | 19 |
| Absorption Rate | 34% | 38% | 62% | 139% |
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.
2022 Hernando County Real Estate Monthly Absorption Rates
| 2022 Month | # of Closed Homes Sales* | # of Fully Available Home Listings | Absorption Rates | Translate Please! |
|---|---|---|---|---|
| January | 265 | 248 | 107% | # of Closed Home Sales DECREASED Compared to December 2021 ... # of Fully Available Home Listings DECREASED Compared to December 2021 ... ~Seller's Market Continues~ |
| February | 278 | 190 | 146% | # of Closed Home Sales INCREASED Compared to January 2022 ... # of Fully Available Home Listings DECREASED Compared to January 2022 ... ~Seller's Market Continues~ |
| March | 397 | 177 | 224% | # of Closed Home Sales INCREASED Compared to February 2022 ... # of Fully Available Home Listings DECREASED Compared to February 2022 ... ~Seller's Market Continues~ |
| April | 351 | 210 | 167% | # of Closed Home Sales DECREASED Compared to March 2022 ... # of Fully Available Home Listings INCREASED Compared to March 2022 ... ~Seller's Market Continues~ |
| May | 341 | 264 | 129% | # of Closed Home Sales DECREASED Compared to April 2022 ... # of Fully Available Home Listings INCREASED Compared to April 2022 ... ~Seller's Market Continues with April & May showing signs of market softening~ |
| June | 348 | 345 | 101% | # of Closed Home Sales INCREASED SLIGHTLY Compared to May 2022 ... # of Fully Available Home Listings INCREASED Compared to May 2022 ... ~Seller's Market Continues with April, May & June showing signs of market softening~ |
| July | 302 | 553 | 55% | # of Closed Home Sales DECREASED Compared to June 2022 ... # of Fully Available Home Listings INCREASED Significantly Compared to June 2022 ... ~Clear Indication of Market Softening over the last 3 Months~ |
| August | 303 | 607 | 50% | # of Closed Home Sales SLIGHTLY INCREASED Compared to July 2022 ... # of Fully Available Home Listings INCREASED Compared to July 2022 ... ~Clear Indication of Market Softening over the last 3 Months~ |
| September | 255 | 673 | 38% | # of Closed Home Sales DECREASED Compared to August 2022 ... # of Fully Available Home Listings INCREASED Compared to August 2022 ... ~Clear Indication of Market Softening over the last 3 Months~ |
| October | 316 | 751 | 42% | # of Closed Home Sales INCREASED Compared to September 2022 ... # of Fully Available Home Listings INCREASED Compared to September 2022 ... |
| November | ||||
| December |
* “Homes” includes single family homes, condos, town homes, villas, modular, and manufactured homes.
2021 Hernando County Real Estate Monthly Absorption Rates
| 2021 Month | # of Closed Homes Sales* | # of Fully Available Home Listings | Absorption Rates | Translate Please! |
|---|---|---|---|---|
| January | 246 | 315 | 79% | For every 100 Homes, 79 CLOSED / 21 Did Not |
| February | 280 | 293 | 96% | For every 100 Homes, 96 CLOSED / 4 Did Not |
| March | 441 | 230 | 192% | # of Closed Home Sales EXCEEDS # of Fully Available Home Listings! ~Historically-Strong SELLER'S MARKET~ |
| April | 407 | 205 | 199% | # of Closed Home Sales EXCEEDS # of Fully Available Home Listings! ~Historically-Strong SELLER'S MARKET~ |
| May | 359 | 220 | 163% | # of Closed Home Sales EXCEEDS # of Fully Available Home Listings! ~Historically-Strong SELLER'S MARKET~ |
| June | 371 | 249 | 149% | # of Closed Home Sales EXCEEDS # of Fully Available Home Listings! ~Historically-Strong SELLER'S MARKET~ |
| July | 374 | 248 | 151% | # of Closed Home Sales EXCEEDS # of Fully Available Home Listings! ~Historically-Strong SELLER'S MARKET~ |
| August | 349 | 300 | 116% | # of Closed Home Sales DECREASED Compared to July... # of Fully Available Home Listings INCREASED Compared to July... ~Seller's Market Continues with Slight Correction~ |
| September | 339 | 309 | 110% | # of Closed Home Sales DECREASED Compared to August... # of Fully Available Home Listings INCREASED Compared to August... ~Seller's Market Continues with Slight Correction~ |
| October | 368 | 310 | 119% | # of Closed Home Sales INCREASED Compared to September... # of Fully Available Home Listings INCREASED Compared to September... ~Seller's Market Continues~ |
| November | 380 | 285 | 133% | # of Closed Home Sales INCREASED Compared to October... # of Fully Available Home Listings DECREASED Compared to October... ~Seller's Market Continues to Heat Up Again~ |
| December | 381 | 266 | 143% | # of Closed Home Sales INCREASED Compared to November ... # of Fully Available Home Listings DECREASED Compared to November ... ~Seller's Market Continues~ |
* “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% | For every 100 Homes, 43 SOLD / 57 Did Not |
| April | 321 | 816 | 39% | For every 100 Homes, 39 SOLD / 61 Did Not |
| May | 297 | 710 | 42% | For every 100 Homes, 42 SOLD / 58 Did Not |
| June | 367 | 590 | 62% | For every 100 Homes, 62 SOLD / 38 Did Not |
| July | 399 | 591 | 68% | For every 100 Homes, 68 SOLD / 32 Did Not |
| August | 368 | 481 | 77% | For every 100 Homes, 77 SOLD / 23 Did Not |
| September | 407 | 454 | 90% | For every 100 Homes, 90 SOLD / 10 Did Not |
| October | 397 | 432 | 92% | For every 100 Homes, 92 SOLD / 8 Did Not |
| November | 340 | 444 | 77% | For every 100 Homes, 77 SOLD / 23 Did Not |
| December | 330 | 399 | 83% | 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.