May 2020 Hernando County Housing Market Trends Are In!! THE Gail Spada TEAM continually tracks our local market trends to help buyers and sellers stay on top of our ever-changing and complex real estate market. As we are all aware, MAY 2020 was the 3RD month that the COVID-19 Pandemic has affected overall real estate markets.
MAY 2020 Hernando County Total Sales Volume was DOWN 25% vs MAY 2019 – Expected Results
MAY 2020 Hernando County Average Sale Price was UP 8.2% vs MAY 2019 – Encouraging Results
The chart below illustrates trend comparisons of May 2020 vs May 2019 for single family homes, condos, townhomes, villas and manufactured homes. Please note that listings identified as mobile homes are not included in the totals.
| Housing Market Trends | May 2020 | May 2019 |
|---|---|---|
| Total Sales Volume | $59,778,125 | $79,600,241 |
| Total # Homes Sold | 295 | 425 |
| Average List Price | $208,938 | $192,753 |
| Average Sale Price | $202,637 | $187,294 |
| Sale Price/List Price Ratio | 97% | 97% |
| Average Days on Market | 43 | 45 |
We hope you found this post to be helpful, informative and interesting … Stay informed by checking out our local Hernando County Market Conditions on a regular basis.
Thinking of SELLING or BUYING a home in the Spring Hill, Brooksville, Weeki Wachee or the Hernando Beach areas of Hernando County, Florida? Check out our Aerial Video Tour of Hernando County to see what our County has to offer you and your family! Visit www.GailSellsFloridaHomes.com to explore our state-of-the-art MLS Map Search Feature where BUYERS can SEARCH MLS listings and SELLERS can SEE what their competition is doing!
Until then… it’s all about YOU!