Is the Worst Behind Us?
Prices in Citrus County declined further in 2011 however there is reason to believe that the worst for the housing market may be behind us. The number of sales recorded in the Citrus County Association of Realtor’s Website was the highest since 2006, and there is now less than a 12 month supply of inventory.
Of the markets included in this report, the Lecanto/Homosassa area fared the worst (-24% average price decline/-25% median price). The Hernando area recorded the largest increases (+19%/+24%).
If you would like to receive custom reports, please let us know as not all readily available data goes into this report. In addition, the quarterly and end of year reports are frequently adapted to individual requests. We do not copyright this information so feel free to distribute the data as you wish. This is the first of several year-end reports we will post on the website over the next several weeks. Commercial real estate data should be posted soon, along with several adjoining counties.
If you have a group or organization that would like a presentation based on the Alachua County Real Estate Market Trends please let us know. Schedule permitting, we will gladly provide an in-person presentation with key visuals, followed by a question and answer session.
If you wish to be added to a subscriber list for additional reports please e-mail us at markettrends@ocalaappraisals.com.
Best to all in 2012,
Michael G. White
Ocala Valuation Services, Inc.
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