Here is your sneak peak at the Florida housing market in Fort McCoy/Salt Springs, Silver Springs, Ocklawaha and Weirsdale complete with month over month changes to help you keep a pulse on the market when  buying or selling. 

**NOTE** If viewing on your mobile device, you may need to turn your phone sideways to view the 3 month data in its entirety.  Best when viewed on desktop or tablet. 

MARKET ACTIVITY





PRICING TRENDS





PRICING RATIOS



DAYS ON THE MARKET



PRICE PER SQUARE FOOT



SUPPLY AND DEMAND





Interpreting Supply and Demand Numbers in Real Estate

Real estate agents, brokers and other players in the housing industry use months of inventory and absorption rate to make a variety of decisions when it comes to buying and selling real estate.

Months of supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace (absorption rate). A low number of months availabe indicates a sellers market where a high number of months of inventory indicates a buyers market. Typically months of inventory 0-3 months indicates homes are moving quickly and the market is a sellers market; 3-6 months indicates a normalized market; 6 months and greater indicates homes are moving slowly and the market is a buyers market.

Absorption rate is the rate at which available homes on the market are sold. As an industry rule of thumb, anything over 20 percent is thought of as a good absorption rate in real estate. A high absorption rate (20% or greater) indicates homes are moving quickly and prices are up, meaning it's a good time to sell. A low absorption rate (15% or less) indicates homes are moving slowly and prices are down meaning it's a good time to buy. For example: absoprtion rate 0.68 x 100 = 68%. This would indicate a very strong sellers market.

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About Rhonda

Rhonda Walker, Real Estate Agent

Strategic Advanced Marketing, Clear Communication, and Experience you can trust.

Utilizing innovative technologies and marketing strategies Rhonda is raising the bar in the real estate industry by increasing the number of views your home receives from potential buyers.

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