Market Trends

Osceola County

2003 thru February2007

Provided By:

Chris Glancy

♦ REALTOR ♦ CRP - Certified Real Estate Professional ♦

Annual Market Trends

Year

Average Sales Per Month

Average

Sales Price

Average Days

on Market

Average Monthly Inventory

Average Months of Inventory

2003

301

$142,454

77

1,252

4.37

2004

372

$172,890

55

782

2.27

2005

433

$240,943

40

1,408

3.40

2006

359

$262,380

80

4,462

13.33

2007

202

$248,086

123

5,826

29.65

*The above numbers indicate the averages for each completed calendar year.

Year-to-Year Market Comparison

Year

Monthly Residential Sales

Average

Sales Price

Average Days

on Market

Total Inventory

Months of Inventory

February 2003

231

$131,946

84

1,521

6.58

February 2004

283

$146,434

70

947

3.35

February 2005

317

$200,723

45

779

2.46

February 2006

333

$246,974

62

3,562

10.70

February 2007

222

$269,425

111

5,601

25.23

February 2008

137

$229,740

146

6,045

44.12

Notes:

  1. Monthly Residential Sales DECREASED from 222 sales in February 2007 to 137 sales in February 2008; 115 of the units sold, in February 2008, were single family homes (the other 22 units sold were condominiums, town homes and attached single family units). This is a 38.29% DECREASE in Monthly Residential Sales.
    1. This represents an 85 unit DECREASE from February 2007 and a 5 unit INCREASE from January 2008.

  1. The Average Days on Market INCREASED from 111 in February 2007 to 146 in February 2008.
    1. This represents a 35 day INCREASE from February 2007 and a 9 day INCREASE from January 2008.

  1. The Total Inventory (number of available homes) has INCREASED from 5,601 in February 2007 to 6,045 in February 2008. Assuming no additional homes come on the market and we continue our current rate of sales, it will take 44.12 months to liquidate our local inventory. Respectively, each homeowner would have a 2.27% chance of selling their home in any given month.
    1. This represents a 79 unit INCREASE from January 2008.

† This data represents single family attached and detached sales. Reported sales are dependant upon timeliness of sales and totality of information reported by participants. The data reflects only the sales published through the Mid-Florida Regional MLS and does not include all sales in the reported areas. Neither Tim Weisheyer nor Pioneer Realty is in any way responsible for its accuracy.