🏡 Market Pulse: July 2025

A Snapshot of Citrus County's Housing Market from the REALTORS® Association of Citrus County

As we enter the second half of 2025, the Citrus County housing market continues to show unique shifts across all major residential property types—Single Family Homes, Townhouses/Condos, and Manufactured Homes. Here's a look at how each segment performed in June and Q2 2025, giving you the insights you need whether you're a buyer, seller, or REALTOR® looking to serve your clients with confidence.

📊 Single Family Homes – Stability Amid Softening

While the single-family home market remains the backbone of local real estate, June 2025 saw 206 closed sales, a modest -5.1% decrease year-over-year. Median sale price held firm at $270,000, reflecting no change from June 2024, which suggests price stabilization after several months of fluctuation.

Key Indicators:

• Cash Sales: 66% of sales were cash purchases, down -10.8% YOY.

• Median Time to Contract: 24 days (down -4%), showing steady buyer interest.

• Inventory: Up 39.7%, providing more options for buyers.

• Months Supply of Inventory: 4.1 months (+64%), reflecting a more balanced market.

📌 Takeaway: Buyers are gaining leverage with rising inventory, but motivated sellers are pricing strategically and receiving nearly full asking price (98.3% of list).

🏢 Townhouses & Condos – Pricing Pressures with Buyer Opportunity

The condo and townhouse sector saw a decline in both median price and transaction volume for Q2 2025. Closed sales stood at 28 units, a slight -6.7% YOY dip. However, the average sale price rose 6.8% to $225,922, indicating higher-end transactions offsetting broader price drops.

Highlights:

• Median Sale Price: $167,500 (down -11.8%)

• Median Time to Contract: 56 days (+12%)

• Cash Sales: Remain strong at 71.4% of total transactions

• Inventory: 113 active listings, a 17.9% increase

• Months Supply: 11.1 months—nearing buyer’s market territory

📌 Takeaway: The high cash share shows investor interest remains, but longer days on market signal opportunities for buyers to negotiate.

🛠 Manufactured Homes – Resilient Pricing, Slower Closings

The Manufactured Home market saw 28 closed sales in June 2025, the same as the previous year. Interestingly, the median sale price increased by 2.5% to $140,000, despite fewer new pending sales.

Key Stats:

• Cash Sales: 85.7%, showing continued strength in investor or non-financed buyers

• Median Time to Sale: 101 days (+25.5%), suggesting lengthier closing processes

• Median Percent of List Price Received: 94.4% (-2.4% YOY)

• Inventory: Grew by 48.5%, offering more options in this segment

📌 Takeaway: The affordability and flexibility of manufactured housing keep it appealing, though sellers should prepare for longer transaction timelines.

💡 What This Means for You

For buyers, increasing inventory and days on market in some sectors mean more room to negotiate and more time to make decisions. For sellers, pricing right and understanding your market segment is more critical than ever. And for our REALTORS®, staying informed means being empowered to guide your clients through a shifting but stable market.

As always, your Citrus County REALTORS® are here to help you navigate these changes—Beyond the Sign.

📍 Statistics provided by Florida REALTORS® based on MLS activity from members of the REALTORS® Association of Citrus County. Compiled July 23, 2025.