Market Trends
Osceola County
2003 thru August 2007
Provided By:
Chris Glancy
♦ REALTOR ♦ CRP - Certified Real Estate Professional ♦
|
Year |
Average Sales Per Month |
Sales Price |
Average Days on Market |
Total Inventory |
Months of Inventory |
|
2003 |
301 |
$142,454 |
77 |
1251 |
4 |
|
2004 |
372 |
$172,890 |
55 |
782 |
2 |
|
2005 |
433 |
$240,943 |
40 |
1408 |
3 |
|
2006 |
359 |
$262,380 |
80 |
4462 |
13 |
|
2007 |
218 |
$256,516 |
116 |
5,967 |
34 |
*The above numbers indicate average numbers in each category for the year.
Notes:
1. August had a DECREASE in monthly residential sales from 193 to 177 units; 147 of those units were single family homes (the other 30 units were condominiums, town homes and attached single family units).
2. Total number of sales DECREASED from 223 in January 2007 to 177 in August 2007.
a. This is a 46 unit DECREASE from January 2007 and a 16 unit DECREASE from July 2007.
3. The average Days on Market INCREASED from 110 in January 2007 to 132 in August 2007.
4. The amount of available homes (Inventory) has INCREASED to 5,967 homes. Assuming no more homes come on the market and we continue our current rate of sales, it will take 34 months to liquidate our local Inventory. Respectively, each homeowner has a 2.97% chance of selling their home in any given month.