Citrus County Real Estate Market Report - December 2023
Welcome to the Citrus County Real Estate Market Report for December 2023. As we approach the end of the year, it's crucial to stay updated on the current state of the market. In this report, we will discuss recent trends, inventory levels, buying activity, and interest rates. Whether you're a potential buyer or seller, we have valuable insights to help you navigate the real estate market in Citrus County, Florida. Current Market Overview As of November 2023, inventory levels in Citrus County have seen a rise, providing buyers with more options. However, buying activity has shown a slight decline. With more homes on the market and slower sales, it's natural to observe a slight adjustment in the days on market across various price categories. These trends are in line with the current market conditions. Favorable Interest Rates A positive note for buyers is the downward trend of interest rates. As of today, the average 30-year mortgage rate stands slightly above 7%,