Hernando, Pasco & Citrus County Monthly Market Update- February 2024
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...
With 2023 being the year of “wait and see” for millions of people across the country, here's what's really going on in the market today vs. this time last year.
Hernando County
February 2023 vs. February 2024
Number of Homes Sold: 246 ➡️ 279
Median Days on Market: 45 ➡️ 40
Number of Active Listings: 861 ➡️ 1,060
Median Sales Price: $300,000 ➡️ $320,000
Active/pending/closed residential, single family homes throughout Hernando County from February 1-29, 2024. All stats are from Stellar MLS.
279
Homes Sold
40
Median Days to Sell
1,060
Active Listings
$320 K
Median Sales Price
Pasco County
February 2023 vs. February 2024
Number of Homes Sold: 1,083 ➡️ 1,178
Median Days on Market: 30 ➡️ 34
Number of Active Listings: 2,643 ➡️ 3,514
Median Sales Price: $328,990 ➡️ $340,000
Active/pending/closed residential, single family homes throughout Pasco County from February 1-29, 2024. All stats are from Stellar MLS.
1,178
Homes Sold
34
Median Days to Sell
3,514
Active Listings
$340 K
Median Sales Price
Citrus County
February 2023 vs. February 2024
Number of Homes Sold: 124 ➡️ 168
Median Days on Market: 29 ➡️ 53
Number of Active Listings: 465 ➡️ 762
Median Sales Price: $260,000 ➡️ $263,000
Active/pending/closed residential, single family homes throughout Citrus County from February 1-29, 2024. All stats are from Citrus MLS.
168
Homes Sold
53
Median Days to Sell
762
Active Listings
$263 K
Median Sales Price
What Does This Mean For Buyers & Sellers?
Increased Sales Volume: Across all three counties, there is a notable increase in the number of homes sold in February 2024 compared to February 2023. This suggests a heightened level of market activity and increased demand from buyers.
Rise in Active Listings: There's a significant uptick in active listings in February 2024 compared to February 2023, particularly evident in Pasco County. This increase in inventory could provide more options for buyers and contribute to a more balanced market.
Median Sales Price Fluctuations: While median sales prices have generally increased slightly or remained relatively stable across the board, it's worth noting the fluctuations between this year and last. These changes are influenced by various factors such as market conditions, supply and demand dynamics, and economic factors.
The real estate market along Florida's Nature Coast has shown resilience and growth between February 2023 and February 2024, with increased sales volume and a healthy inventory of active listings.
Whether you're a buyer, seller, or investor, staying informed about these trends can help you make informed decisions while working towards your real estate goals!