Early Summer Real Estate Update Citrus County FL

This week I am going to present to you a few real estate thoughts: ordering a pre-sale home inspection; the current state of the real estate market, and what is for sale and has sold in our area? I am going to take a few weeks off from blogging…

Real estate pros say having an inspection before listing the house can help calm nerves and save deals.

National Association of Realtors Magazine published an article suggesting that because of the many problems that come up after a pending home sale has an unsatisfactory inspection report, that sellers have a home inspection prior to putting a home on market. Even if the home is being sold “as is” the buyer can “walk” because they don’t like what the report says, or buyer and seller can not agree on who should pay for repairs. We plan to have a pre-sale home inspection, when we have to move. I’ve just seen way too many sales go “south” when the inspection report was not a healthy one. As you know in my blogs, I’m constantly preaching about taking good care of your home, and we try to do that.

link to full article:Agents Turn to Pre-Listing Inspections to Prevent Canceled Contracts

Recent statistics for Citrus County single-family home sales show the average “days on market” for a home in Citrus county is 72 days. (Century 21 J.W. Morton has better statistics in that our average homes on the market sell in is less than 72 days.)

For Citrus County, as of May of this year, 47% of the sales were cash 28%; conventional 13%; FHA 8%;VA 8% and 3% were “other.” I’ve included a chart that shows the median sale price for single family homes in Citrus County is $275,000 through April 2025: There were 294 closed sales through April. The active number of homes on market inventory is up from a year ago 56%… there are almost 2000 houses on the market. Dollar volume is down 13% …new listings are up 24% and new pending sales are down almost 9%.

Chart:RE CC stat 2025

Real estate continues to be a little sluggish because of the interest rates, though more and more people are now taking advantage of a lower interest rate when possible. Like this last week, interest rates went back up a bit. And people still are questioning the economy and worried about the tariffs and so real estate is suffering …people are deciding to stay in their homes. Realtor Magazine explains current buyer’s practices who need a mortgage.

Link to full article: Buyers, Homeowners Dive in for Lower Mortgage Rates

The following stats are the homes that are currently on the market in Black Diamond, Pine Ridge and Citrus Hills gated, as well as stats that show what has sold in the last 180 days

Black Diamond active: (12)

https://portal.onehome.com/en-US/share/1011483a08986

sold last 180 days: (24)

https://portal.onehome.com/en-US/share/1011484L98147

Pine Ridge active: (17)

https://portal.onehome.com/en-US/share/1011487X20006

sold last 180 days : (32)

https://portal.onehome.com/en-US/share/1011488h24004

Citrus Hills (gated) active: (10)

https://portal.onehome.com/en-US/share/1011486O74515

sold last 180 days (21)

https://portal.onehome.com/en-US/share/1011485T37361