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FLORIDA PAST MARKET TRENDS

Here you can find the previous residential market trends for Central & Coastal Florida. Understanding the months of inventory, list-to-sold price percentage, median days on the market, and median sold price is essential to becoming an educated buyer or seller. You can compare the data to the value of your own home and use it to price it accordingly. It is also a helpful reference point when searching for potential new homes to compare with other homes in the same area. 

Data Found On Realtors Property Resource®, LLC

Hillsborough County

December Market Trends

Hillsborough County market trends

Firstly, let's take a look at the Month's Supply of Inventory, which currently stands at 2.59. A lower number indicates a seller's market, where the demand for homes exceeds the supply. In this case, we can infer that the market is more favorable for sellers. Next, we have the Median Days Homes are On the Market, which currently stands at 37. A lower number implies a faster-paced market, where homes are selling more quickly. This indicates that homes are selling at a relatively brisk pace, which could be attributed to the overall demand in the market. Moving on, let's discuss the List To Sold Price Percentage, which is at an impressive 97.5%. A higher percentage indicates that homes are selling close to or even above their listed price, indicating a strong market with high buyer demand. This suggests that the market is robust and that buyers may need to be prepared to make competitive offers. Lastly, let's consider the Median Sold Price, which currently stands at $418,610. A higher median sold price indicates a more expensive market, while a lower price suggests a more affordable one. Additionally, this metric can also indicate the overall health and desirability of a particular area.

Lake County

December Market Trends

Lake County market trends

Firstly, let's discuss the Month's Supply of Inventory, which currently stands at 3.32. A lower supply indicates a seller's market, where demand exceeds supply, potentially leading to higher prices. Moving on, we encounter the Median Days Homes are On the Market, which currently stands at 41. A shorter duration suggests a faster-paced market, highlighting strong buyer demand and potentially leading to quicker sales. Now, let's discuss the List To Sold Price Percentage, which currently sits at 97.6%.  A higher percentage indicates that homes are generally selling close to or at their listing price, showcasing a market where sellers have strong negotiating power. Lastly, we have the Median Sold Price, which stands at $376,655. It provides insight into the overall pricing trends and can be used as a reference point for both buyers and sellers when considering their options.
 

Sumter County

December Market Trends

Sumpter County market trends

Let's start with the Month's Supply of Inventory, which currently stands at 3.48. A lower number suggests a seller's market, indicating high demand and potentially driving up prices.  Moving on, we have the Median Days Homes are On the Market, which stands at 41. A lower number signifies a faster-paced market, where homes are selling quickly. This could be attributed to high demand, attractive pricing, or other factors that influence buyers' decisions. Next, we have the List to Sold Price Percentage, which currently sits at 97.5%. A higher percentage indicates that sellers are achieving prices close to or even above their asking prices. This could be a positive sign for sellers, suggesting a competitive market and potentially allowing for negotiation power. Lastly, let's explore the Median Sold Price, which stands at $326,813. It provides a snapshot of the market's overall pricing trends. Buyers can use this information to gauge the affordability of homes and sellers can assess the potential value of their properties.
 

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