Market Trends

Osceola County

2003 thru March 2007

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

March 2003

246

$123,998

74

1,452

5.90

March 2004

469

$152,995

67

871

1.86

March 2005

461

$223,664

41

745

1.62

March 2006

460

$252,373

73

3,880

8.43

March 2007

258

$264,602

99

5,762

22.33

March 2008

215

$223,812

139

6,037

28.08

Notes:

  1. Monthly Residential Sales DECREASED from 258 sales in March 2007 to 215 sales in March 2008; 180 of the units sold, in March 2008, were single family homes (the other 35 units sold were condominiums, town homes and attached single family units). This represents a 43 unit, or 16.67%, DECREASE in Monthly Residential Sales compared to March 2007.
    1. This represents a 78 unit, or 36.28%, INCREASE from February 2008.

  1. The Average Days on Market INCREASED from 99 in March 2007 to 139 in March 2008.
    1. This represents a 40 day INCREASE from March 2007 and a 7 day DECREASE from February 2008.

  1. The Total Inventory (number of available homes) has INCREASED from 5,762 in March 2007 to 6,037 in March 2008. Assuming no additional homes come on the market and we continue our current rate of sales, it will take 28.08 months to liquidate our local inventory. Respectively, each homeowner would have a 3.56% chance of selling their home in any given month.
    1. This represents an 8 unit DECREASE from February 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.