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Hernando County Monthly Market Update- November 2023

Dylan McLeod

Dylan McLeod is a top producing real estate agent and the owner/team lead of The McLeod Team, a rapidly growing Team of Real Estate professionals serv...

Dylan McLeod is a top producing real estate agent and the owner/team lead of The McLeod Team, a rapidly growing Team of Real Estate professionals serv...

Dec 12 3 minutes read

Housing market stats are in for Single Family Homes in Hernando County! 


Here are the 3 big things to pay attention to:

#1) Number of home sales are down 20%, year to year.

#2) The average interest rate on a 30-year mortgage dropped to 7.03% from 7.22%. This is the sixth straight weekly drop for rates.

#3) We have just under 4 months of inventory, meaning if new homes stopped entering the market it would take just under 4 months for all of the current, active homes to sell. Having 6 months of inventory is considered a "balanced market". 


While sales of previously occupied U.S. homes are down 20%, home prices have kept climbing amid a stubbornly low supply of properties on the market. Although, as mortgage rates ease, they boost borrowers’ purchasing power, increasing how much home they can afford. This is pointing to seller’s being more open to negotiating with buyers, which is a much different story compared to 2021-2022. 

Hernando County Market Stats 

Active/pending/closed residential, single family homes throughout Hernando County from November 1-30, 2023. All stats are from Flex MLS.

259

New Listings

557

Active Listings

178

Under Contract

149

Closed Sales


Homes Sold

98.3%

Sale-to-List Price


$339,990

Median Sales Price

3.97

Months of Supply

18

Median Days on Market

$146

Average Price per Square Foot

Curious about what
these numbers mean for you?

Give us a call today and we can discuss your current situation/real estate goals then determine how we can make these numbers work in your favor.

FEATURED LISTINGS

This is a very basic search showing ALL single family homes that are for sale in Hernando County, FL. 

You can update this search with your desired criteria (number of bedrooms, bathrooms, acreage, budget, and features) to get an idea of what your options are!

Featured Listings
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