Market Trends
Osceola County
2003 thru September 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 |
210 |
$240,180 |
135 |
5,990 |
42 |
*The above numbers indicate average numbers in each category for the year.
Notes:
1. September had a DECREASE in monthly residential sales from 177 to 144 units; 119 of those units were single family homes (the other 25 units were condominiums, town homes and attached single family units).
2. Total number of sales DECREASED from 223 in January 2007 to 144 in September 2007.
a. This is a 79 unit DECREASE from January 2007 and a 33 unit DECREASE from August 2007.
3. The average Days on Market INCREASED from 110 in January 2007 to 135 in September 2007.
The amount of available homes (Inventory) has INCREASED to 5,990 homes. Assuming no more homes come on the market and we continue our current rate of sales, it will take 42 months to liquidate our local Inventory. Respectively, each homeowner has a 2.40% chance of selling their home in any given month.