Market Trends

Osceola County

2003 thru January2007

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

January 2003

201

$121,185

75

1,504

7.48

January 2004

286

$150,548

76

1,287

4.50

January 2005

278

$216,222

37

796

2.86

January 2006

360

$264,933

58

3,236

8.99

January 2007

223

$251,168

110

5,317

23.84

January 2008

132

$215,780

137

5,966

45.20

Notes:

  1. Monthly Residential Sales DECREASED from 223 sales in January 2007 to 132 sales in January 2008; 112 of the units sold, in January 2008, were single family homes (the other 20 units sold were condominiums, town homes and attached single family units). This is a 40.81% DECREASE in Monthly Residential Sales.
    1. This represents a 91 unit DECREASE from January 2007 and a 25 unit DECREASE from December 2007.

  1. The Average Days on Market INCREASED from 110 in January 2007 to 137 in January 2008.
    1. This represents a 27 day INCREASE from January 2007 and a 10 day DECREASE from December 2007.

  1. The Total Inventory (number of available homes) has INCREASED from 5,317 in January 2007 to 5,966 in January 2008. Assuming no additional homes come on the market and we continue our current rate of sales, it will take 45.20 months to liquidate our local inventory. Respectively, each homeowner would have a 2.21% chance of selling their home in any given month.
    1. This represents a 333 unit INCREASE from December 2007.

† 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.