The real estate market in zip code 34711, commonly known as Clermont show signs of improvement in 2008 with the number of sales steadily rising and the inventory decreasing. March 2008 saw 75 sales take place and the inventory of homes on the market currently stands at 20 months. Most of the surrounding areas have not seen that many sales and have much more inventory.
Perhaps the improvement is due to the drop in the average sales price. The average sales price is $245,000 at the moment. No one likes to see the value of their home go down but it is a necessary evil for the market to recover.
The good news is that the average price per square foot is on the rise and currently stands at $125 per foot. Go figure. Prices are down overall, but on the rise on a per square foot basis.
In either case, things are on the up and up for the real estate market in Clermont. I sure hope things stay this way at least through the end of summer.