🌸 Citrus County Market Snapshot – April 2025

As spring takes full bloom in Citrus County, so too does the dynamic real estate market—bringing with it new opportunities, shifting timelines, and evolving buyer behavior. Here's a comprehensive look at April’s housing activity across single-family homes, manufactured homes, and townhouses/condos.

🏡 Single-Family Homes: Inventory Grows, Timelines Lengthen

• Closed Sales: 282 homes (-3.1% YoY)
• Median Sale Price: $284,500 (slightly down 0.1%)
• Cash Buyers: 37.9% of all sales (down from 47.1% last year)
• Time to Contract: Median of 53 days (up 39.5%)
• Time to Sale: Median of 87 days (up 14.5%)
• New Listings: 519 (up 24.5%)
• Pending Sales: 302 (down 2.9%)
• Inventory & Supply: 1,667 active listings with a 6.5-month supply

💡 Insight: Inventory is up and homes are spending more time on the market—signs that buyers have more negotiating power. Still, well-priced homes are moving steadily, keeping prices stable.

🛠️ Manufactured Homes: Price Plateau, Longer Sales Process

• Closed Sales: 53 units (-25.4% YoY)
• Median Sale Price: $150,000 (up 0.7%)
• Cash Buyers: 66.0% of sales (up from 63.4% last year)
• Time to Contract: Median of 61 days (up 125.9%)
• Time to Sale: Median of 90 days (up 34.3%)
• New Listings: 85 (down 4.5%)
• Pending Sales: 57 (down 37.4%)

💡 Insight: While prices have held firm, the buyer pool may be softening. With sales activity down and days on market up, sellers should focus on competitive pricing and strong marketing strategies.

🏘️ Townhouses & Condos: Softened Prices, Strong Cash Influence

• Closed Sales: 7 units (no change YoY)
• Median Sale Price: $155,000 (down 17.2%)
• Cash Buyers: 93.8% of all sales (a significant 1.8% increase)
• Time to Contract: Median of 41 days (up 17.1%)
• Time to Sale: Median of 69 days (up 16.9%)
• New Listings: 26 (up 13%)
• Pending Sales: 8 (unchanged YoY)

💡 Insight: Condo prices dipped, but a high percentage of cash deals signals serious buyers. With low sales volume, each well-positioned listing has a better shot at standing out.

What This Means for Buyers & Sellers

For Sellers: The shift in days on market, especially for manufactured and single-family homes, means expectations must be adjusted. Price it right, and stage it well. Condos and townhomes may need extra patience—but cash buyers are circling.

For Buyers: More inventory and longer timelines equal more leverage—particularly in the single-family and condo segments. Manufactured home buyers, however, may still face tight competition in select price ranges.

Next Data Release: June 22, 2025
Statistics provided by Florida REALTORS® based on MLS data. Compiled from MLS feeds on the 15th of the following month.

About the REALTORS® Association of Citrus County:
The REALTORS® Association of Citrus County (RACC) is committed to empowering real estate professionals through advocacy, education, and community engagement. As a trusted voice in the industry, RACC champions property rights, promotes ethical real estate practices, and supports professional excellence to foster a thriving and inclusive real estate community.

Our mission is built on five core pillars that reflect who we “R.” Through Advocacy, we protect property rights, support housing opportunities, and stand up for the interests of REALTORS®. Our Outreach efforts raise public awareness about the REALTOR® brand and highlight the positive impact our members have on their communities.

We work to Elevate our members by providing leadership development and encouraging professional growth at every stage of their careers. Through Value, we deliver meaningful resources, education, and engagement opportunities to help REALTORS® grow their businesses and better serve their clients. Finally, we aim to Lead by driving innovation, strengthening leadership, and fostering collaboration within the real estate industry.

Together, we are building a stronger future—not only for our members, but also for the clients and communities they serve.

For more information, please visit www.raccfl.com or contact the REALTORS® Association of Citrus County office.

Media Contact:
Marsha Coleman, CEO
REALTORS® Association of Citrus County
352-746-7550