Citrus County Market Pulse – February 2025 Recap

As the spring season approaches, the February 2025 housing market for Citrus County continues to reflect a market in motion—balancing buyer caution with pockets of opportunity across all property types. Here’s a snapshot of what REALTORS® across the county saw this month:

📊 Single-Family Homes: Stability Amid Slight Softening

• Closed Sales: 214 homes sold, down 11.2% YoY.

• Median Sale Price: $299,748, up 0.7%.

• Cash Buyers: 42.1% of sales were cash (up 9.1%).

• Time to Contract: 57 days (down 6.6%).

• Time to Sale: 90 days (down 13.5%).

• Inventory & Supply: 1,500 active listings with 5.9 months of supply.

• New Listings: 447 (up 6.9%).

• Pending Sales: 289 (up 4%).

💡 Insight: A balanced market is emerging. Homes are moving faster, cash buyers are strong, and prices are holding steady—encouraging signs for both sides.

🛠️ Manufactured Homes: Prices Slide, Activity Slows

• Closed Sales: 37, down 15.9% YoY.

• Median Sale Price: $120,000 (down 11.8%).

• Cash Sales: 67.6% of transactions.

• Time to Contract: 35 days (up 20.7%).

• Time to Sale: 69 days (up 11.3%).

• New Listings: 76 (up 2.7%).

• Pending Sales: 56 (up 21.7%).

💡 Insight: Price drops may be drawing more interest. Cash buyers still dominate, but buyers are taking a bit more time to decide.

🏘️ Townhouses & Condos: A Dramatic Cool Down

• Closed Sales: 8 units, down 50% YoY.

• Median Sale Price: $182,500 (up 7.4%).

• Cash Sales: 62.5% (down from 71.4%).

• Time to Contract: 142 days.

• Time to Sale: 184 days.

• New Listings: 36 (up 50%).

• Pending Sales: 8 (down 27.3%).

💡 Insight: Fewer sales and extended timelines signal a pause in demand, even as prices creep up. More listings could shift the balance in coming months.

🤝 What This Means for Home Sellers and Buyers

For Sellers:
The single-family market remains strong and balanced—now is still a great time to list, especially with prices steady and homes selling faster. Manufactured home sellers may need to price strategically due to recent value shifts, while condo sellers should prepare for longer timelines.

For Buyers:
Buyers still have negotiating power in most segments, especially for townhomes/condos. Increased inventory means more choice. And with many sellers still receiving near-list price, acting quickly on well-priced properties is key.

Next data release: April 24, 2025