Market Trends
Osceola County
2003 thru October2007
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 |
209 |
$240,288 |
131 |
5,999 |
30 |
*The above numbers indicate average numbers in each category for the year.
Notes:
1. October had an INCREASE in monthly residential sales from 144 to 203 units; 166 of those units were single family homes (the other 37 units were condominiums, town homes and attached single family units).
2. Total number of sales DECREASED from 223 in January 2007 to 203 in
October 2007.
a. This is a 20 unit DECREASE from January 2007 and a 59 unit INCREASE from September 2007.
3. The average Days on Market INCREASED from 110 in January 2007 to 131 in September 2007.
4. The amount of available homes (Inventory) has INCREASED to 5,999 homes. Assuming no more homes come on the market and we continue our current rate of sales, it will take 30 months to liquidate our local Inventory. Respectively, each homeowner has a 3.40% chance of selling their home in any given month.