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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

March Market Trends

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The Months Supply of Inventory is a key indicator of the balance between supply and demand in the market. With a current level of 2.61 months, this suggests a relatively low inventory of homes available for sale. The Median Days Homes are On the Market at 41 days reflects the average time it takes for a home to sell. The List to Sold Price Percentage of 97.5% indicates that homes are typically selling close to their asking price, suggesting a healthy level of demand and competitive pricing in the market. Lastly, the Median Sold Price of $415,000 is a reflection of the average price at which homes are selling. This metric can be used as a benchmark for pricing strategies for sellers and as a reference point for buyers looking to make a purchase. 

Lake County

March Market Trends

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The Months Supply of Inventory being at 3.09 indicates a balanced market where supply and demand are relatively equal. However, the 12-month Change in Months of Inventory increasing by +33.77% suggests that inventory levels have been rising over the past year, potentially leading to a shift towards a buyer's market. The Median Days Homes are On the Market at 45 days shows that properties are selling relatively quickly, which is further supported by the List to Sold Price Percentage of 97.6%.  Finally, the Median Sold Price of $380,000 gives buyers and sellers an idea of the current market value of homes in the area. This price point, combined with the other metrics, can help inform buyers on what they can expect to pay for a property and sellers on how to price their homes competitively.

Sumter County

March Market Trends

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First, let's look at the month's Supply of Inventory, which currently stands at 3.26. A lower number suggests a seller's market, while a higher number indicates a buyer's market. The Median Days Homes are On the Market is 36, which is a relatively short amount of time. This suggests that homes are selling quickly, likely due to high demand and limited inventory. The List to Sold Price Percentage is 97%, indicating that homes are generally selling close to their list price. This could mean that sellers are pricing their homes competitively and buyers are willing to pay close to the asking price. Lastly, the Median Sold Price is $370,000, giving us an idea of the average price point in the current market. This can be helpful for both buyers and sellers to understand pricing trends and make informed decisions.

Past Market Trends

Want to see how the current residential market trends compare to previous months?

Find more information below.

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