Highlands County Talk

Looking back 12 months, more homes are selling faster and for a lot less money than in January 2008. Now is the time to get back into the game as we are nearing the bottom of the market. The Absorption Rate has gone down by 4 month since December, by 8 months since November. We currently have 21.85 month of inventory on the market. On average, 82 homes are being sold each month. Prices had a monthly average decline of 25% in 2008. The average sale price only declined by a little less than 4% in January. Most transactions in January were cash (29), 26 conventional, 6 FHA, 2 VA, 1 assumption. The hot spots in Highlands County are Sun'n'Lake, Sebring Hills and Harder Hall. 166 transactions are currently still pending/contingent.