August-2024 Home Sales Trends in Osceola County, Florida
As a real estate professional, it is important to understand the correlation between various metrics in the market to provide valuable insights to both buyers and sellers.
Starting with the Months Supply of Inventory, which currently stands at 5.4, we can see that there is a healthy balance between supply and demand in the market. This indicates that there is a moderate level of inventory available for potential buyers to choose from.
The 12-Month Change in Months of Inventory, which has increased by +94.95%, suggests that there has been a significant shift in the market over the past year. This could be due to various factors such as an increase in new listings or a decrease in buyer demand.
The Median Days Homes are On the Market, at 41 days, indicates that properties are selling relatively quickly in this market. This is a positive sign for sellers as it shows that there is strong demand for homes in the area.
The List to Sold Price Percentage, at 98%, highlights that sellers are generally receiving close to their asking price for their properties. This indicates a competitive market where buyers are willing to pay close to the list price for homes.
Lastly, the Median Sold Price of $419,000 gives us a clear indication of the average price at which homes are selling in this market. This information can be valuable for both buyers and sellers in understanding the current market value of properties.
Overall, these metrics paint a picture of a market that is balanced, with strong demand and relatively quick sales. Buyers and sellers can use this information to make informed decisions when buying or selling a property in this area.
Want to dig a bit deeper into Real Estate Market trends
Subscribe to receive zip-code researched Real Estate Market Trends every month! Stay informed!
By
Brian Rice
Brian is the owner and managing Broker at Real Estate Kingz LLC, a Florida licensed Real Estate Brokerage. You can contact Brian at 866-735-4649 (866-Re-Kingz) or visit BrianRiceRealtor.com