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         Citrus County Real Estate

August Sales rose 16.4% over the same time last year. While Citrus County housing inventory continues to tighten, we are not seeing price stability or consistency as a result, with August Median Sales Prices dropping an astonishing 12.5% ($103,250). This as our Inventory continues to tighten (-6.0%) in August, we should see Values climbing but Foreclosure Sale pressure +34.7% continues to drive Citrus County home values down. Another indicator of improving home values is our Month’s Supply of Existing Homes and Citrus County’s supply of existing homes for sale has been dropping for the past 8 months. For August we are down to 6.8 Months of Inventory a whopping -21.2% decrease from last August, it’s only a matter of time before this factor over shadows our foreclosures and we see values climb. Closed Sales of single-family homes countywide totaled 248 last month, up an impressive 16.4% over August 2013 figures.

The only negative in the August market report has to be the decline -12.5% in the Median Sales Price, but it is the only negative in what is a steadily improving market.

The State of Florida marked the 33rd month in a row of steady year-over-year Median Sales Price increases, with a 2.9% ($180,000) increase in August as compared to Citrus County’s posted Median Sales Price decrease of 12.5% ($103,250) over last year at this time.

Florida Housing Inventory for August stands at 5.5 Months, up 8.0% year-over-year, as compared to

Citrus County Housing Inventory for August which stands at 6.8 Months, down -21.2% year-over-year.

Overall, August was a very strong month in Citrus County, with higher single-family home sales and we continue to be encouraged by the decline in Inventory. This is a positive factor for homeowners waiting to gain Value back into their Homestead.

This latest housing data has been released by the Realtors Association of Citrus County.

For more Citrus County, Florida home selling insights, give Fildena super active review at RE/MAX Realty One a call anytime to discuss your own real estate plans!

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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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