The Citrus County housing market continues to shift as spring blooms, presenting both opportunities and new trends for buyers and sellers alike. Here's a detailed look at the March 2025 activity across single-family homes, manufactured homes, and townhouses/condos:

📊 Single-Family Homes: Balanced Yet Competitive

• Closed Sales: 284 homes sold (-12.3% YoY)

• Median Sale Price: $299,900 (down 4.8%)

• Cash Buyers: 43.7% of sales were cash (slightly down 2.2%)

• Time to Contract: Median of 68 days (up 83.8%)

• Time to Sale: 103 days (up 35.5%)

• Inventory & Supply: 1,588 active listings with a 6.2-month supply—slightly tipping toward a buyer's market.

• New Listings: 501 (up 12.6%)

• Pending Sales: 331 (up 4.1%)

💡 Insight: Inventory growth and longer sale timelines are giving buyers breathing room, but pricing remains relatively steady, favoring well-priced homes.

🛠️ Manufactured Homes: Strong Price Growth, Steady Activity

• Closed Sales: 68 units (+47.8% YoY)

• Median Sale Price: $165,000 (up 32.0% YoY)

• Cash Buyers: 54.4% (down 28.5% YoY)

• Time to Contract: 27 days (up 12.5%)

• Time to Sale: 68 days (up 11.5%)

• New Listings: 69 (down 23.3%)

• Pending Sales: 72 (up 12.5%)

💡 Insight: Manufactured homes saw major price appreciation, indicating strong buyer interest despite fewer new listings hitting the market.

🏘️ Townhouses & Condos: Small Pool, Shifting Dynamics

• Closed Sales: 7 units (down 12.5% YoY)

• Median Sale Price: $190,000 (up 3.0% YoY)

• Cash Buyers: 71.4% (down 4.8% YoY)

• Time to Contract: 55 days (down 55.6%)

• Time to Sale: 127 days (down 28.2%)

• New Listings: 19 (down 24.0%)

• Pending Sales: 11 (down 35.3%)

💡 Insight: Fewer sales and fewer pending deals suggest a cautious market. However, quicker contract times point to serious buyers snapping up well-priced listings.

🤝 What This Means for Home Sellers and Buyers

For Sellers:
A slight softening in single-family prices means pricing strategy matters more than ever. Manufactured home sellers are in a strong position, while condo sellers should prepare for longer marketing times but a more decisive buyer pool.

For Buyers:
Increased inventory across segments opens up more choices! Single-family and townhouse buyers have negotiating room, but manufactured home buyers may need to move quickly in a rising-price environment.

Next data release: April 24, 2025