Hernando County Market Snapshot February 2013
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Home sales in Hernando County Florida rebounded in February 2013 with an increase of 13% in closed transactions over January.
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The number of homes under contract also increased by 13% over the previous month indicating a strong buyer activity.
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Consequently, inventory of homes for sale in Hernando County decreased again.
Homes for Sale in Hernando County
Homes Currently on Market: 1335
Sold February 2013: 238
Sales Price Range: $13,000 - $356,000
Average Sales Price: $87,233
Median Sales Price: $73,233
Homes Under Contract: 692
While number of sales and number of homes under contract are up, both median and average sales prices declined in February 2013.
Days on market also decreased to 105 days indicating that homes for sale in Hernando County are sold more quickly.
The current absorption rate is at 5.6 indicating that the Hernando County real estate market has normalized.
The highest sales price was achieved by a 3-story Hernando Beach Waterfront home.
The lowest sales price bought a 840 SF foreclosure fixer upper home.
Short Sales and Foreclosures in Hernando County
Of the current listing inventory, only 284 homes are offered as distressed sales - that is short sales or foreclosures. This is only 21% of the total inventory and 79% of homes for sale are in fact offered as "normal" or standard sales!
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