Market Trends

Osceola County

2003 thru July 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

224

$257,925

113

5941

31

*The above numbers indicate average numbers in each category for the year.

Notes:

1. July had a DECREASE in monthly residential sales from 213 to 193 units; 160 of those units were single family homes (the other 33 units were condominiums, town homes and attached single family units).

a. This is a 30 unit DECREASE from January 2007 and a 20 unit DECREASE from June 2007.

2. Total number of sales DECREASED from 223 in January 2007 to 193 in July 2007.

3. The average Days on Market INCREASED from 114 in January 2007 to 129 in July 2007.

4. The amount of available homes (Inventory) has INCREASED to 5,941 homes. Assuming no more homes come on the market and we continue our current rate of sales, it will take 31 months to liquidate our local Inventory. Respectively, each homeowner has a 3.23% chance of selling their home in any given month.