Market Trends
Osceola County
2003 thru November 2007
Provided By:
Chris Glancy
♦ REALTOR ♦ CRP - Certified Real Estate Professional ♦
|
Year |
Average Sales Per Month |
Average 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 |
206 |
$228,528 |
139 |
6057 |
34 |
*The above numbers indicate average numbers in each category for the calendar year.
Notes:
1. November had a DECREASE in monthly residential sales from 203 to 180 units; 154 of those units were single family homes (the other 26 units were condominiums, town homes and attached single family units).
2. Total number of sales DECREASED from 223 in January 2007 to 180 in November 2007.
a. This is a 43 unit DECREASE from January 2007 and a 23 unit DECREASE from October 2007.
3. The average Days on Market INCREASED from 110 in January 2007 to 139 in November 2007.
4. The amount of available homes (Inventory) has INCREASED to 6,057 homes. Assuming no more homes come on the market and we continue our current rate of sales, it will take 34 months to liquidate our local Inventory. Respectively, each homeowner has a 2.97% chance of selling their home in any given month.