citrus county snap shot
DESCRIPTION
September Snap Shot of Real Estate in Citrus CountyTRANSCRIPT
Greg Younger | Broker / Owner
5985 N Kingwood Ter. | Beverly Hills, FL 34465 Direct: 352.270.3075 | Cell 352.220.9188
Monthly Housing Snapshot Realtor Association of Citrus County
The Online Tools You Want The Experienced Agents You Need
Monthly Snapshot
For residential real estate activity by members of the REALTORS® Association of Citrus County
One-Year Change inClosed Sales
Single-Family Homes
One-Year Change inMedian Sales PriceSingle-Family Homes
One-Year Change inHomes for Sale
Single-Family Homes
Monthly Indicators
September 2012
+ 30.4% - 0.1% - 23.0%Most housing metrics should follow their usual, autumnal movements – higher inventory and days on market, fewer sales, lower prices. That applies only to month-to-month seasonal trends; most indicators should still show improvement on a year-over-year basis. As you already know, all real estate is local – down to the city neighborhood, suburban development and exurban lot. Let's dive into some local figures.
Residential real estate activity comprised of single-family properties, townhomes and condominiums combined. Percent changes are calculated using rounded figures.
23456789
10111213
Pending SalesClosed Sales
Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing.
New Listings were up 23.7 percent for detached homes but decreased 43.3 percent for attached properties. Pending Sales increased 30.9 percent for single-family homes and 116.7 percent for townhouse-condo properties.
The Median Sales Price was down 0.1 percent to $84,950 for detached homes but increased 56.4 percent to $86,000 for attached properties. Months Supply of Inventory decreased 35.8 percent for single-family units and 23.9 percent for townhouse-condo units.
Not to get negative like a political TV ad, but sluggish job growth, persistently high gas prices, drought-induced spikes in food prices and other global events could threaten consumer confidence. The Fed's mortgage purchases drove Freddie Mac's average 30-year fixed-rate mortgage survey to an all-time low of 3.40 percent. Employment growth remains critical, providing the jobs that will stimulate housing demand and push home prices up to help beleaguered homeowners that have been financially unable to sell for several years.
calculated using rounded figures.
Days on Market Until SaleMedian Sales PriceAverage Sales PricePercent of Original List Price ReceivedHousing Affordability IndexInventory of Homes for SaleMonths Supply of Inventory
New Listings
Single-Family Market OverviewTownhouse-Condo Market Overview
Single-Family Market Overview
Key Metrics Historical Sparklines 9-2011 9-2012 Percent Change YTD 2011 YTD 2012 Percent Change
Key metrics for Single-Family Properties Only, excluding Manufactured Housing, for the report month and for year-to-date (YTD) starting from the first of the year.
New Listings 283 350 + 23.7% 2,837 + 6.2%
Pending Sales 152 199 + 30.9% 1,449 1,794 + 23.8%
2,671
+ 10.0%
Days on Market 151 111 - 26.5% 145 127 - 12.4%
Closed Sales 125 163 + 30.4% 1,430 1,573
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
+ 3.1%
Average Sales Price $103,191 $104,329 + 1.1% $108,563 $115,796 + 6.7%
Median Sales Price $85,000 $84,950 - 0.1% $89,000 $91,800
+ 3.4%
Affordability Index 210 221 + 5.2% 204 210 + 3.1%
Pct. of Orig. Price Received 83.3% 85.1% + 2.1% 83.4% 86.2%
-- --
Homes for Sale 2,154 1,658 - 23.0% -- --
Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 2
--
Months Supply 13.7 8.8 - 35.8% --
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
Townhouse-Condo Market Overview
Key Metrics Historical Sparklines 9-2011 9-2012 Percent Change YTD 2011 YTD 2012 Percent Change
Days on Market 168 126 - 25.0% 150 131
126 139 + 10.3%
- 12.7%
- 43.3%
Closed Sales 7 15 + 114.3%
Key metrics for Townhouse-Condo Properties Only for the report month and for year-to-date (YTD) starting from the first of the year.
260 + 7.9%
Pending Sales 6 13 + 116.7% 124 154 + 24.2%
241New Listings 30 17
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
--Months Supply 16.2 12.3 - 23.9% -- --
Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 3
+ 3.7%
Homes for Sale 208 189 - 9.1% -- -- --
Affordability Index 277 220 - 20.8% 251 260
+ 8.7%
Pct. of Orig. Price Received 78.3% 83.4% + 6.6% 82.0% 84.8% + 3.5%
Average Sales Price $63,286 $84,473 + 33.5% $72,596 $78,925
$66,000 + 1.5%Median Sales Price $55,000 $86,000 + 56.4% $65,000
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
9-2009 9-2010 9-2011 9-2012
New Listings
New ListingsSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 310 -4.0% 20 -31.0%
November 2011 313 +4.7% 20 -9.1%
December 2011 260 -6.5% 18 -14.3%
January 2012 339 +5.0% 38 +5.6%
February 2012 320 +15.1% 44 +51.7%
March 2012 326 +12.8% 29 -17.1%
April 2012 304 -2.3% 34 +54.5%
May 2012 269 -11.8% 35 +29.6%
June 2012 319 +0.9% 14 -41.7%
July 2012 305 +13.8% 27 +28.6%
August 2012 305 +2.3% 22 +29.4%
September 2012 350 +23.7% 17 -43.3%
12-Month Avg. 310 +4.2% 27 +1.6%
A count of the properties that have been newly listed on the market in a given month.
324
26
283
30
350
17
September
3,415
239
2,671
241
2,837
260
Year to Date
2010 2011 2012
43 3%+ 15 4%+ 23 7%- 12 7% + 0 8%+ 6 2%- 21 8% + 7 9%2010 2011 2012 2010 2011 2012 2010 2011 2012
8 2% + 11 0% + 6 7%3 7%12 Month Avg. 310 +4.2% 27 +1.6%
Historical New Listings by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 4
17
Single-Family Townhouse-Condo
0
100
200
300
400
500
600
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
- 43.3%+ 15.4%+ 23.7%- 12.7% + 0.8%+ 6.2%- 21.8% + 7.9%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 8.2% + 11.0% + 6.7%- 3.7%
Pending Sales
Pending SalesSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 138 +3.0% 14 +7.7%
November 2011 157 +9.0% 14 +27.3%
December 2011 167 +7.7% 2 -66.7%
January 2012 187 +29.9% 12 -20.0%
February 2012 209 +26.7% 28 +40.0%
March 2012 182 -11.2% 24 +14.3%
April 2012 187 +5.1% 16 +33.3%
May 2012 214 +25.1% 18 +50.0%
June 2012 186 +17.0% 10 -23.1%
July 2012 201 +53.4% 17 -10.5%
August 2012 229 +59.0% 16 +166.7%
September 2012 199 +30.9% 13 +116.7%
12-Month Avg. 188 +19.9% 15 +19.5%
A count of the properties on which offers have been accepted in a given month.
131
10
152
6
199
13
September
1,470
100
1,449
124
1,794
154
Year to Date
2010 2011 2012
+ 116 7%40 0%+ 30 9%+ 16 0% + 24 0%+ 23 8%- 1 4% + 24 2%2010 2011 2012 2010 2011 2012 2010 2011 2012
18 6% + 13 1% + 35 1%16 7%12 Month Avg. 188 +19.9% 15 +19.5%
Historical Pending Sales by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 5
10 6 13
Single-Family Townhouse-Condo
0
50
100
150
200
250
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
100
Single-Family Townhouse-Condo
2010 2011 2012
+ 116.7%- 40.0%+ 30.9%+ 16.0% + 24.0%+ 23.8%- 1.4% + 24.2%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 18.6% + 13.1% + 35.1%- 16.7%
Closed Sales
Closed SalesSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 155 +13.1% 8 -33.3%
November 2011 157 +8.3% 14 +16.7%
December 2011 176 +8.0% 9 0.0%
January 2012 129 +0.8% 9 +28.6%
February 2012 169 +15.8% 11 -42.1%
March 2012 208 +18.2% 25 +13.6%
April 2012 161 -15.7% 15 -28.6%
May 2012 192 +9.1% 24 +166.7%
June 2012 186 +3.9% 16 +45.5%
July 2012 160 +9.6% 13 -13.3%
August 2012 205 +25.8% 11 -26.7%
September 2012 163 +30.4% 15 +114.3%
12-Month Avg. 172 +9.9% 14 +6.9%
A count of the actual sales that closed in a given month.
121
10
125
7
163
15
September
1,408
96
1,430
126
1,573
139
Year to Date
2010 2011 2012
+ 114 3%30 0%+ 30 4%+ 3 3% + 31 3%+ 10 0%+ 1 6% + 10 3%2010 2011 2012 2010 2011 2012 2010 2011 2012
24 8% + 13 6% + 43 3%+ 66 7%12 Month Avg. 172 +9.9% 14 +6.9%
Historical Closed Sales by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 6
7
Single-Family Townhouse-Condo
0
50
100
150
200
250
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
96
Single-Family Townhouse-Condo
2010 2011 2012
+ 114.3%- 30.0%+ 30.4%+ 3.3% + 31.3%+ 10.0%+ 1.6% + 10.3%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 24.8% + 13.6% + 43.3%+ 66.7%
Days on Market Until Sale
Days on MarketSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 123 -3.9% 176 +10.0%
November 2011 127 -3.1% 123 -34.0%
December 2011 113 -7.8% 86 -47.2%
January 2012 125 -11.7% 131 -34.1%
February 2012 137 +0.7% 110 -34.1%
March 2012 134 -9.2% 134 -2.2%
April 2012 119 -23.7% 175 +57.7%
May 2012 129 -17.0% 135 -26.6%
June 2012 131 -13.8% 126 +12.1%
July 2012 111 -20.7% 113 -20.4%
August 2012 131 +3.1% 145 -11.0%
September 2012 111 -26.5% 126 -25.0%
12-Month Med.* 125 -10.1% 131 -16.8%
Median number of days between when a property is listed and when an offer is accepted in a given month.
111
152151
168
111
126
September
114
153145 150
127 131
Year to Date
2010 2011 2012
25 0%+ 10 5%- 26 5%+ 36 0% 1 6%- 12 4%+ 27 2% 12 7%2010 2011 2012 2010 2011 2012 2010 2011 2012
16 5% 7 3% + 5 9%+ 13 0%12 Month Med. 125 10.1% 131 16.8%
* Days on Market for all properties from October 2011 through September 2012. This is not the Median of the individual figures above.
Historical Days on Market Until Sale by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 7
Single-Family Townhouse-Condo
0
100
200
300
400
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
- 25.0%+ 10.5%- 26.5%+ 36.0% - 1.6%- 12.4%+ 27.2% - 12.7%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 16.5% - 7.3% + 5.9%+ 13.0%
Median Sales Price
Median Sales PriceSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 $88,000 -9.3% $59,000 -25.8%
November 2011 $93,000 -0.5% $52,500 -12.5%
December 2011 $87,000 -0.6% $54,700 -7.3%
January 2012 $80,000 -11.6% $61,500 +2.5%
February 2012 $89,500 -0.6% $72,500 -3.3%
March 2012 $81,500 -4.6% $66,150 -5.5%
April 2012 $83,500 +5.4% $69,000 -1.4%
May 2012 $95,000 -4.0% $72,500 +25.0%
June 2012 $110,000 +29.6% $76,000 +17.1%
July 2012 $94,000 +13.3% $58,000 -7.9%
August 2012 $105,000 +5.1% $49,990 -10.7%
September 2012 $84,950 -0.1% $86,000 +56.4%
12-Month Med.* $90,000 0.0% $64,950 -0.1%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$91,500
$76,500
$85,000
$55,000
$84,950 $86,000
September
$99,900
$80,000
$89,000
$65,000
$91,800
$66,000
Year to Date
2010 2011 2012
+ 56 4%- 28 1%- 0 1%- 7 1% - 18 8%+ 3 1%- 10 9% + 1 5%2010 2011 2012 2010 2011 2012 2010 2011 2012
16 1% 12 0% - 16 7%+ 9 3%12 Month Med. $90,000 0.0% $64,950 0.1%
* Median Sales Price for all properties from October 2011 through September 2012. This is not the Median of the individual figures above.
Historical Median Sales Price by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 8
Single-Family Townhouse-Condo
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 56.4%- 28.1%- 0.1%- 7.1% - 18.8%+ 3.1%- 10.9% + 1.5%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 16.1% - 12.0% - 16.7%+ 9.3%
Average Sales Price
Average Sales PriceSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 $120,059 +8.8% $74,500 -9.3%
November 2011 $117,200 -3.3% $61,850 +1.4%
December 2011 $107,971 -12.5% $64,333 -1.0%
January 2012 $97,079 -11.8% $65,497 -9.4%
February 2012 $125,467 +16.9% $68,409 -25.2%
March 2012 $106,623 +6.5% $78,488 +5.4%
April 2012 $106,815 +1.1% $74,963 +3.5%
May 2012 $118,876 -2.3% $106,417 +44.2%
June 2012 $125,266 +19.4% $76,378 +29.2%
July 2012 $110,159 +1.3% $63,262 -6.4%
August 2012 $137,961 +20.4% $61,490 -5.1%
September 2012 $104,329 +1.1% $84,473 +33.5%
12-Month Avg.* $115,549 +4.1% $76,538 +6.3%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$112,872
$76,240
$103,191
$63,286
$104,329
$84,473
September
$120,227
$83,906
$108,563
$72,596
$115,796
$78,925
Year to Date
2010 2011 2012
+ 33 5%17 0%+ 1 1%8 6% 13 5%+ 6 7%- 9 7% + 8 7%2010 2011 2012 2010 2011 2012 2010 2011 2012
13 8% 11 4% - 11 7%+ 9 4%12 Month Avg. $115,549 +4.1% $76,538 +6.3%
* Average Sales Price for all properties from October 2011 through September 2012. This is not the Average of the individual figures above.
Historical Average Sales Price by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 9
Single-Family Townhouse-Condo
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 33.5%- 17.0%+ 1.1%- 8.6% - 13.5%+ 6.7%- 9.7% + 8.7%2010 2011 2012 2010 2011 2012 2010 2011 2012
- 13.8% - 11.4% - 11.7%+ 9.4%
Percent of Original List Price Received
Pct. of Orig. Price Received
Single-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 84.1% +0.6% 79.7% +3.4%
November 2011 83.9% +0.0% 79.7% -0.2%
December 2011 84.0% +0.1% 84.6% -3.0%
January 2012 85.4% +1.5% 80.6% +9.8%
February 2012 86.2% +4.0% 87.4% +2.0%
March 2012 85.1% +2.1% 86.3% +3.7%
April 2012 85.2% +1.8% 85.2% +3.6%
May 2012 85.8% +3.4% 86.1% +5.9%
June 2012 86.4% +4.3% 86.0% +2.7%
July 2012 87.5% +3.5% 85.1% +7.2%
August 2012 88.9% +6.9% 79.3% -3.0%
September 2012 85.1% +2.1% 83.4% +6.6%
12-Month Avg.* 85.7% +2.6% 84.2% +3.0%
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties soldin a given month, not accounting for seller concessions.
85.7%
70.5%
83.3%78.3%
85.1% 83.4%
September
85.5%80.6%83.4% 82.0%
86.2% 84.8%
Year to Date
2010 2011 2012
+ 6 6%+ 11 1%+ 2 1%2 8% + 1 7%+ 3 4%- 2 5% + 3 5%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 3 0% + 1 9% + 2 7%+ 0 4%12 Month Avg. 85.7% +2.6% 84.2% +3.0%
* Pct. of Orig. Price Received for all properties from October 2011 through September 2012. This is not the Average of the individual figures above.
Historical Percent of Original List Price Received by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 10
Single-Family Townhouse-Condo
70%
75%
80%
85%
90%
95%
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
+ 6.6%+ 11.1%+ 2.1%- 2.8% + 1.7%+ 3.4%- 2.5% + 3.5%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 3.0% + 1.9% + 2.7%+ 0.4%
Housing Affordability Index
Affordability IndexSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 204 +10.6% 264 +24.8%
November 2011 198 +3.7% 285 +11.4%
December 2011 207 +5.1% 278 +9.0%
January 2012 220 +16.4% 260 +4.5%
February 2012 205 +8.5% 236 +10.0%
March 2012 217 +10.0% 248 +9.9%
April 2012 216 +3.1% 245 +7.5%
May 2012 200 +10.1% 240 -7.7%
June 2012 181 -11.5% 233 -4.4%
July 2012 204 -1.3% 278 +12.1%
August 2012 188 +1.4% 302 +11.0%
September 2012 221 +5.2% 220 -20.8%
12-Month Avg. 205 +11.2% 257 -20.3%
This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
191
217210
277
221 220
September
180
210204
251
210
260
Year to Date
2010 2011 2012
20 8%+ 28 1%+ 5 2%+ 9 9% + 19 3%+ 3 1%+ 13 4% + 3 7%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 20 1% + 16 2% + 19 9%0 9%12 Month Avg. 205 +11.2% 257 20.3%
Historical Housing Affordability Index by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 11
Single-Family Townhouse-Condo
100
150
200
250
300
350
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
Single-Family Townhouse-Condo
2010 2011 2012
- 20.8%+ 28.1%+ 5.2%+ 9.9% + 19.3%+ 3.1%+ 13.4% + 3.7%2010 2011 2012 2010 2011 2012 2010 2011 2012
+ 20.1% + 16.2% + 19.9%- 0.9%
Inventory of Homes for Sale
Homes for SaleSingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 2,170 -16.6% 205 -13.1%
November 2011 2,182 -14.6% 195 -17.4%
December 2011 2,082 -14.0% 195 -13.3%
January 2012 2,072 -15.0% 213 -7.4%
February 2012 2,034 -14.4% 219 -1.8%
March 2012 2,020 -11.6% 212 -4.9%
April 2012 1,988 -11.1% 215 0.0%
May 2012 1,906 -13.6% 226 +4.6%
June 2012 1,880 -14.4% 218 +0.5%
July 2012 1,776 -18.7% 213 +1.4%
August 2012 1,673 -23.0% 199 -2.5%
September 2012 1,658 -23.0% 189 -9.1%
12-Month Avg.* 1,953 -15.8% 208 -5.4%
The number of properties available for sale in active status at the end of a given month.
2,628
240
2,154
208
1,658
189
September
2010 2011 2012
9 1%13 3%23 0%- 18 0%2010 2011 2012
1 5% + 1 7%12 Month Avg. 1,953 15.8% 208 5.4%
* Homes for Sale for all properties from October 2011 through September 2012. This is not the Average of the individual figures above.
Historical Inventory of Homes for Sale by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 12
Single-Family Townhouse-Condo
0
1,000
2,000
3,000
4,000
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
2010 2011 2012
- 9.1%- 13.3%- 23.0%- 18.0%2010 2011 2012
- 1.5% + 1.7%
Months Supply of Inventory
Months SupplySingle-Family
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
October 2011 13.8 -17.8% 15.9 -27.7%
November 2011 13.8 -15.7% 14.8 -32.5%
December 2011 13.1 -14.4% 15.2 -26.8%
January 2012 12.7 -18.0% 16.9 -16.6%
February 2012 12.2 -19.5% 16.5 -9.2%
March 2012 12.3 -15.5% 15.7 -9.0%
April 2012 12.0 -18.2% 15.5 -8.4%
May 2012 11.3 -20.9% 15.8 -8.1%
June 2012 11.0 -21.5% 15.5 -9.6%
July 2012 10.0 -27.9% 15.3 -2.8%
August 2012 9.1 -35.1% 13.5 -12.9%
September 2012 8.8 -35.8% 12.3 -23.9%
12-Month Avg.* 11.7 -21.4% 15.2 -16.5%
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
16.9
23.4
13.716.2
8.8
12.3
September
2010 2011 2012
23 9%30 8%35 8%- 18 8%2010 2011 2012
15 1% 24 8%12 Month Avg. 11.7 21.4% 15.2 16.5%
* Months Supply for all properties from October 2011 through September 2012. This is not the Average of the individual figures above.
Historical Months Supply of Inventory by Month
Note on the Historical Line Chart: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.Data as of October 12, 2012. All data from the REALTORS® Association of Citrus County Multiple Listing Service. Provided by Florida REALTORS®. Powered by 10K Research and Marketing. | Click for Cover | 13
Single-Family Townhouse-Condo
0.0
10.0
20.0
30.0
40.0
50.0
1-2008 1-2009 1-2010 1-2011 1-2012
Single-Family Townhouse-Condo
2010 2011 2012
- 23.9%- 30.8%- 35.8%- 18.8%2010 2011 2012
- 15.1% - 24.8%