During September 2022, the trend continued that our local Hernando County real estate market was being impacted by rising mortgage interest rates, increasing home inventory levels and other economic factors. For the month of SEPTEMBER 2022, on average, 673 Homes were “For Sale” (fully active and available) within our Hernando County Multiple List Service (MLS). In comparison, for SEPTEMBER 2021, only 309 Homes were “For Sale” (fully active and available) within our Hernando County MLS. The increase in housing inventory of 118% more homes on the market means BUYERS have more choices from which to choose. For SELLERS, even though fewer homes were sold in September this year than the same time last year, SEPTEMBER 2022 SELLERS still experienced a 14% increase in sale prices year over year.

Stay tuned for our BLOG next month evaluating OCTOBER 2022 Market Trends!

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. The chart above illustrates trend comparisons for single family homes, condos, townhomes, villas and manufactured homes listed in the Hernando County Multiple List Service (MLS). Please note that listings identified as mobile homes are not included in the totals. The MLS data is assumed to be accurate.

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!