Real Estate Statistics for December 2011

  There were a total of 354 closed sales in December 2011 compared to 350 closed sales in December 2010. Closed sales in December reflect the purchasing in December.  The average selling price for December 2011 was $127,677compared to an average selling price of $137,424 for the same period in 2010.

   The average number of days a house was on the market was 155 days, 36 days more than the same period in 2010, however, the number of months of inventory is 10.2 months compared to 13.8 a year ago. There are 3,597 homes available in the Greater Lake and Sumter County area compared to 4,823 last year at this time.

   The feeling in the Central Florida area, particularly in the Lake County region is that we have reached the "bottom" of the market. We are seeing quite a bit of activity in the "higher end" homes.  We are also finding it harder to find homes in the $100-250K range that are in good shape, due to the lack of inventory.

The time to Buy is NOW, don't miss the market!!