July 2014 – Citrus County, FL. – Monthly Housing Market Report

The Cunningham Team

July Sales rose 15.1% over the same time last year. While Citrus County housing inventory starts to tighten, we begin to see the results, with July Median Sales Price rising 4.8%. As Inventory continues to decreased (-7.8%) in July, we will continue to see home values rise. Another indicator of improving home values is the Months Supply of Existing Homes, Citrus Counties supply of existing homes for sale has been dropping by double digits for the past 7 months. For July we are down to 6.7 Months of Inventory a whopping -21.9% decrease from last July, according to the latest housing data released by the Realtors Association Of Citrus County.

Closed Sales of single-family homes county wide totaled 212 last month, up an impressive 15.1% over July 2013 figure.

There was no big negative in July’s market report but the Median Sales Price did rise this month from July 2013. The State of Florida marked the 32nd month in a row of steady year-over-year Median Sales Price increases, with a 3.6% ($178,500) increase in June. Citrus County posted a Median Sales Price increase of 4.8% ($110,000) over last year at this time. During the month of July we had all positive changes from July 2013.

Housing Inventory for July stands at 6.7 Months, down 21.9% from the 8.6 Months last July.

Overall, July was a very strong month in Citrus County, for single-family home sales. We are very encouraged by the Sales Data and see the decline in Inventory as a positive for homeowners waiting to gain Value back into their Homestead.

2014-07-Market Report

Destressed june

Destressed June 2

For more Citrus County, Florida home selling insights, give

For more Citrus County, Florida home selling insights, give The Cunningham Team at RE/MAX Realty One a call anytime to discuss your own real estate plans!

The Cunningham Team at RE/MAX Realty One “Your Nature Coast Real Estate Experts”

Kevin, Karen and Brogan The Cunningham Team  (352) 527-7842

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About TeamCitrusRE

The Cunningham Team – “Knows Citrus County” Kevin, Karen and Brogan Cunningham “Change is the common Thread that ties ones life to another by deliberate or accidental means” Because life is about change, you need a team you can trust to carefully orchestrate your most important transitions. When it involves Real Estate, The Cunningham Team shares a wealth of experience, articulate business prowess and personalities that exudes confidence in any situation. The Cunningham Team has established an impressive reputation among their peers and clientele as a knowledgeable resource for anything involving real estate in Citrus County. Also Business people interested in expansion, and or development of new business ventures within Citrus County look to our knowledge and insight as reliable resource for current market conditions. While attaining some of the highest honors given to business leaders in Citrus County, Kevin and Karen never forget that their clients are the key to their success. The extra hours, careful listening and honest evaluations of the marketplace, are a part of the consistently high standard of attention you will receive from the Cunningham’s . As a husband to wife Karen, and father to children, Courtney, Brogan, and Katelyn, Kevin maintains a delicate balance between work, play and community service. Alone, or as a family, Kevin enjoys the staples of Florida Nature Coast living; fishing, scalloping, golfing, and diving. Undoubtedly, you will face transitions in your life – when they involve Real Estate and a place to call home, think of Kevin Cunningham….. Professional stability in a climate of change
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