REAL ESTATE MARKET CONDITIONS ARE CHANGING IN HERNANDO COUNTY, (SPRING HILL, BROOKSVILLE, WEEKI WACH

Posted on Feb 17, 2012

I don’t know if you have noticed but the prices for homes are changing in Hernando County. Real Estate in Spring Hill, Weeki Wachee, and Brooksville is selling! What you could buy last year is not the same as this year. You could buy a small but nice 2/2/1 for under $35,000 about a year ago. I recently took a couple out and the properties that were currently on the market in Spring Hill needed considerable work. I also took a couple out that were looking for a property 3/2/2 below $75,000. Here again we were running into problems with the homes. Most needed considerable work in the interior and/or a new roof. When we did find some properties we were finding that multiple offers were being placed on the property. It is very apparent that the Real Estate market in the Spring Hill, Weeki Wachee, Brooksville area is changing. Whether it is the lower end of the spectrum to the higher end homes; Our housing inventory is the lowest it has been in several years. As of today the active inventory is 1838.

Here are some breakdowns of inventory in our local MLS over the years for comparison.

February 2009 Active Sales Volume of 3119

February 2010 Active Sales Volume of 2431

February 2011 Active Sales Volume of 2392

February 2012 Active Sales Volume of 1838

With the homes prices being more affordable than ever and interest rates at an all time low, We are starting to see the pendulum swing.

If you are interested in Buying or Selling your home in the Hernando County area. Please don’t hesitate to call or email me! I am dedicated to building relationships with one customer at a time.