Market Trends
April 2003 through April 2008
Provided By:
Chris Glancy
♦ REALTOR ♦ CRP – Certified Real Estate Professional ♦ Certified At Home With Diversity REALTOR ♦
♦ Cell: 407-506-8219 ♦ Office: 407-518-SOLD Ext. 206 ♦ Email: Chris@ChrisGlancy.com ♦ Website: www.ChrisGlancy.com ♦
Annual Market Trends
|
Year |
Monthly Residential Sales |
Average Sales Price |
Average Days on Market |
Total Inventory |
Months of Inventory |
|
December 2007 |
157 |
$227,501 |
147 |
5,633 |
35.88 |
|
January 2008 |
132 |
$215,780 |
137 |
5,966 |
45.20 |
|
February 2008 |
137 |
$229,740 |
146 |
6,045 |
44.12 |
|
March 2008 |
215 |
$223,812 |
139 |
6,037 |
28.08 |
|
April 2008 |
223 |
$235,761 |
153 |
6,105 |
27.38 |
*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 |
|
April 2003 |
304 |
$133,736 |
100 |
1,339 |
4.40 |
|
April 2004 |
461 |
$159,743 |
69 |
745 |
1.62 |
|
April 2005 |
488 |
$229,033 |
37 |
764 |
1.57 |
|
April 2006 |
422 |
$268,011 |
78 |
4,097 |
9.71 |
|
April 2007 |
231 |
$266,851 |
111 |
5,850 |
25.32 |
|
April 2008 |
223 |
$235,761 |
153 |
6,105 |
27.38 |
Notes:
- Monthly Residential Sales DECREASED from 231 sales in April 2007 to 223 sales in April 2008; 177 of the units sold, in March 2008, were single family homes (the other 46 units sold were condominiums, town homes and attached single family units). This represents an 8 unit, or 3.46%, DECREASE in Monthly Residential Sales compared to April 2007.
- This represents a 8 unit, or 3.59%, INCREASE from March 2008.
- The Average Days on Market INCREASED from 111 in April 2007 to 153 in April 2008.
- This represents a 42 day INCREASE from April 2007 and a 14 day INCREASE from March 2008.
- The Total Inventory (number of available homes) has INCREASED from 5,850 in April 2007 to 6,105 in April 2008. Assuming no additional homes come on the market and we continue our current rate of sales, it will take 27.38 months to liquidate our local inventory. Respectively, each homeowner would have a 3.65% chance of selling their home in any given month.
- This represents a 68 unit INCREASE from March 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 Chris Glancy nor Pioneer Realty is in any way responsible for its accuracy.