Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 34% from one year earlier and down 12% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 60-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 18% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 50-thousand dollars. Overall, The number of units sold Increased 18% year-over-year and Increased 35% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Port Richey, FL
Area Information for Port Richey, FL
Population:2,801
Median Age:40.89 yr
Median Commute Time:19.38 mins
Educational Climate*:4
Recycling Likelihood**:118
Sales Tax:7%
Population Density:1,171/sq mi
Population Change Since 2000:-4%
Closest Airport:Tampa International
Closest College:Trinity College Of Florida
Closest Jr. College:Pasco-hernando Comm Coll
Median Household Income:$39,320
Annual Residential Turnover:18.61%
Median Years in Residence:2.76 yr
Median Home Sales Price:$107,200
Closest Major Sports Team:Dunedin Blue Jays (a)
Change Avg. Household Income Since 2000:31%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Port Richey, FL
Median Age: 40.89Married: 41%Number of Households: 1,306Households with Children: 341
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)