📊 June 2025 Market Pulse: A Snapshot of the Citrus County Real Estate Landscape

As we enter the heart of summer, the Citrus County real estate market reveals a dynamic and evolving picture across all property types. From single-family homes to manufactured properties and condominiums, the REALTORS® Association of Citrus County continues to monitor trends that help consumers, REALTORS®, and local leaders understand where we’ve been—and where we may be headed. Here’s a breakdown of June 2025 activity across the board:

🏠 Single-Family Homes: Balanced Momentum Amid Slight Cooling

The single-family home market showed signs of stabilization in June, with 308 closed sales, a 13.2% increase year-over-year. Dollar volume surged 5.8% to over $108.5 million, even as the median sale price dipped slightly to $309,950, a 3.1% decline compared to June 2024.

Key indicators:

• Cash buyers made up 37.7% of all sales, reflecting a slight pullback from last year.

• The median time to contract was 58 days, while the median time to sale was 96 days, both showing minimal movement, suggesting a steady pace of transaction flow.

• New pending sales rose 10%, signaling a healthy pipeline for upcoming closings.

• Inventory remains strong, with 1,578 active listings and a 6.1-month supply, suggesting a shift toward a more balanced market.

🛠️ Manufactured Homes: Price Strength Despite Slower Sales

In the manufactured home segment, sales activity slowed but prices continued to climb. Closed sales totaled 60, a 14.3% drop, and cash sales declined nearly 30% year-over-year.

However, there were bright spots:

• The median sale price increased by 15.8%, reaching $173,750.

• The average sale price landed at $165,808, down just 2.4% from the previous year.

• Median percent of original list price received held strong at 91%, an increase from last year.

• Homes are staying on the market longer, with the median time to sale rising to 84 days, and time to contract extending to 53 days, up 26.2% year-over-year.

• Inventory is growing, with 191 active listings representing a 3.8-month supply, up from last year.

This segment may be cooling slightly in pace, but pricing remains resilient—a sign of ongoing demand for affordable housing options.

🏘️ Townhouses & Condos: Pricing Pressures with Reduced Activity

The townhouse and condo market in Citrus County experienced a drop in activity this quarter. In Q2 2025, there were 28 closed sales, a 6.7% decline from Q2 2024. New pending sales fell 10%, and new listings dropped 14.9%, indicating a slower pace overall.

Pricing showed a mixed bag:

• Median sale price declined to $167,500, an 11.8% decrease, while the average sale price increased by 6.8% to $225,922, reflecting a possible skew by higher-end transactions.

• Cash sales made up an impressive 71.4% of closings, reinforcing investor interest in this segment.

• Time to contract increased to 56 days, while time to sale rose to 92 days, both trending longer compared to the previous year.

• Dollar volume held relatively steady at $6.3 million, a marginal 0.3% decrease from Q2 2024.

Though the market has slowed slightly, steady dollar volume and strong cash activity suggest continued interest, particularly among seasoned buyers and investors.

📌 Key Takeaways for REALTORS® and Consumers

1. Inventory is rebounding: Both single-family and manufactured home segments are seeing months-of-inventory climb, creating more options for buyers and less urgency for sellers.

2. Cash is still king—but less dominant: While cash sales remain high in townhomes/condos and manufactured homes, we’re seeing a slight retreat in single-family transactions.

3. Affordability is a mixed bag: Median prices for manufactured homes are up, while single-family and condo prices have declined year-over-year, creating opportunities for both buyers and sellers depending on the property type.

4. Pace is normalizing: Time to contract and sale are increasing, indicating that buyers may have more breathing room to make decisions—a shift from the ultra-competitive markets of recent years.

📣 Market Insight, Backed by REALTORS®

REALTORS® play a vital role in helping buyers and sellers navigate this evolving landscape. From understanding pricing trends and contract timelines to interpreting inventory shifts and financing patterns, your local real estate professional is equipped with the data and expertise to guide smart decisions.

Stay tuned for more insights in the next Market Pulse Report, and visit the REALTORS® Association of Citrus County online or contact your REALTOR® today to get personalized advice tailored to your real estate goals.