September 2009 Hudson, Florida Single Family Residence Real Estate Market Report
Compared to last month when 511 Single Family Homes were on the market, Once again we are seeing a decrease in the Market Inventory levels
However, coincidentally the number of homes under contract remains constant at 103. Although the number of homes remained the same, the number of Distressed homes is basically 50%
The number of sold houses remained about the same with 37 sold this month, as compared to 38 in the previous month
So Inventory levels are dropping, that is a good thing And since the number of homes under contract as well as sold remains constant, the market is struggling to find its footing. However it is still 13 months Inventory on the Market for Sale which is still high
26.7% of the Active market in Hudson are Distressed properties in some stage of Foreclosure
But it jumps to a full 50% when it comes to Single Family Residences under Contract
And it is just over 50% for Single Family homes that Sold in the month of September
They have been saying investors are the ones scooping up alot of inventory at ridiculous prices. As the first picture of statistics shows, you can purchase property here for as low as $20,000. There are plenty of investors that have that kind of cash lying around. But with the 10% First Time Home-Buyers Tax Credit about to expire, it also makes a tremendous amount of sense for those who qualify, because homes can be purchased for less than they are currently renting for, for the most part.
Feel free to call a qualified Realtor in your area to see if this holds true for you.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Properties subject to prior sale or rental
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All entries on this blog, unless noted otherwise, is the copyrighted content (2009-present) of Daniel J. Hunter, REALTOR®, and is believed to be true and factual, but it is not guaranteed or warranted.
All information should be independently verified.
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