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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

June Market Trends

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The Month's Supply of Inventory is a crucial indicator of market conditions, representing the number of months it would take to sell all current listings at the current sales pace. A lower number typically indicates a seller's market, while a higher number suggests a buyer's market. With a Month's Supply of Inventory of 3.16, we are currently in a balanced market. The Median Days Homes are On the Market, at 27 days, is a reflection of the speed at which homes are selling. A lower number suggests high demand and a competitive market, while a higher number may indicate a slower market with less competition. The List to Sold Price Percentage of 98.2% shows that homes are typically selling close to their list price. This can be a helpful negotiation point for sellers, while buyers may need to be prepared to offer close to the asking price in order to secure a property. Finally, the Median Sold Price of $430,000 gives an indication of the average price at which homes are selling in the current market. 

Lake County

June Market Trends

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The real estate market currently has a month's supply of inventory of 3.66.  The 12-month change in months of inventory has increased by 77.67%. This indicates that the market may be shifting towards a more balanced or buyer-friendly environment as there are more homes available for sale compared to the previous year. Homes are typically on the market for a median of 30 days before being sold. This suggests that the market is relatively active and homes are selling quickly. The list-to-sold price percentage is 98%, which means that homes are typically selling very close to their listed price. This could indicate a competitive market where buyers are willing to pay close to the asking price for desirable properties. The median sold price for homes in this market is $391,285. This gives buyers and sellers a benchmark for pricing their properties and understanding the overall value of homes in the area.

Sumter County

June Market Trends

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The Month's Supply of Inventory is a key indicator of market conditions, with a value of 3.86 suggesting a balanced market where supply and demand are relatively stable. However, the 12-month Change in Months of Inventory has seen a significant increase of 31.74%, indicating a shift towards a more buyer-friendly market with an increase in available inventory. The Median Days Homes are On the Market at 30 days shows that properties are selling relatively quickly, reflecting strong demand in the market. This is further supported by the List to Sold Price Percentage of 96.6%, indicating that sellers are receiving offers close to their asking price. Lastly, the Median Sold Price of $365,000 highlights the current pricing trends in the market, showing a healthy appreciation in property values.

Past Market Trends

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

Find more information below.

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