We are hiring! Join Our Team! Click Here
WHAT'S GOING ON IN THE FLORIDA
MARKET?
Here you can find the latest 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
April Market Trends
.png)
First, let's look at the monthly supply of Inventory, which is currently at 2.72. This indicates that there is a relatively low supply of homes on the market compared to the demand from buyers. A low supply usually results in increased competition among buyers, potentially driving up prices. The Median Days Homes are On the Market is 27, indicating that homes are selling relatively quickly. This could be attributed to the low inventory levels and high demand from buyers. Sellers may benefit from listing their homes in a market where properties are moving swiftly. The List to Sold Price Percentage is 98.3%, showing that homes are typically selling close to their listing prices. This is a positive sign for sellers, as it suggests that there is strong demand for properties at the current price points. Finally, the Median Sold Price is $420,000, giving potential buyers and sellers an idea of the average price point in the market. This information can be used to gauge the affordability of homes in the area and make informed decisions when buying or selling.
Lake County
April Market Trends
.png)
In this particular scenario, we have a monthly supply of Inventory of 3.2, indicating that there is a relatively low inventory of homes available for sale. The Median Days Homes are On the Market is 40, which is a relatively short amount of time compared to other markets. This indicates that homes are selling quickly, likely due to the limited inventory and high demand. The List to Sold Price Percentage is 97.8%, showing that on average, homes are selling for just under the asking price. This could be a result of the competitive market conditions and the quick turnaround time for sales. Finally, the Median Sold Price is $389,990, which provides insight into the overall pricing trends in the market. This information is crucial for both buyers and sellers to understand, as it can inform pricing strategies and negotiation tactics.
Sumter County
April Market Trends
.png)
The real estate market is currently showing a moderate level of inventory, with a monthly supply of Inventory at 3.2. This indicates that there is a balanced market between buyers and sellers, with a healthy amount of available properties for sale. Homes are moving quickly in this market, with a median of only 28 days on the market before being sold. This indicates a high level of demand and competitiveness among buyers, leading to quick sales for sellers. The List to Sold Price Percentage is at a strong 96.8%, showing that sellers are able to sell their homes very close to their asking price. This is a positive indicator for sellers in this market. The Median Sold Price for homes in this market is $355,000, indicating a healthy and stable market with good value for both buyers and sellers.
START YOUR HOME SEARCH HERE
Enjoy searching for your new home with our premium home search website exclusively for you!
