Market Trends
Osceola County
2003 thru December 2007
Provided By:
Chris Glancy
♦ REALTOR ♦ CRP - Certified Real Estate Professional ♦
|
Year |
Average Sales Per Month |
Average Sales Price |
Average Days on Market |
Total Inventory |
Months of Inventory |
|
2003 |
301 |
$142,454 |
77 |
1,251 |
4 |
|
2004 |
372 |
$172,890 |
55 |
782 |
2 |
|
2005 |
433 |
$240,943 |
40 |
1,408 |
3 |
|
2006 |
359 |
$262,380 |
80 |
4,462 |
13 |
|
2007 |
202 |
$227,501 |
147 |
5,633 |
36 |
*The above numbers indicate average numbers in each category for the calendar year.
Notes:
1. December had a DECREASE in monthly residential sales from 180 to 157 units; 127 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 157 in December 2007.
a. This is a 66 unit DECREASE from January 2007 and a 23 unit DECREASE from November 2007.
3. The average Days on Market INCREASED from 110 in January 2007 to 147 in December 2007.
4. The amount of available homes (Inventory) has DECREASED from November 2007 to 5,633 homes. Assuming no more homes come on the market and we continue our current rate of sales, it will take 36 months to liquidate our local Inventory. Respectively, each homeowner has a 2.79% chance of selling their home in any given month.