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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.
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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.
Hillsborough County
February Market Trends
First, let's look at the month's Supply of Inventory, which currently stands at 2.59. This metric indicates 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, where demand exceeds supply, leading to potentially higher prices. The Median Days Homes are On the Market is 34, which is a relatively quick turnover time. This could suggest that properties are selling quickly, potentially due to high demand or competitive pricing. The List to Sold Price Percentage is 97.1%, indicating that homes are typically selling close to their list price. This could suggest that sellers are pricing their homes effectively and buyers are willing to pay close to the asking price. Finally, the Median Sold Price is $402,995, providing a benchmark for the average price of homes sold in the market. This information can be useful for both buyers and sellers in understanding the current market value of properties.
Lake County
February Market Trends
As a real estate professional, it is important to understand the correlation between various metrics in order to provide valuable insights to both buyers and sellers. In this current market, the Months Supply of Inventory is at 3.23, indicating a relatively balanced market where supply and demand are fairly stable. The Median Days Homes are On the Market is 47, which is relatively low and indicates that homes are selling quickly in this market. This could be attributed to the high List to Sold Price Percentage of 97.1%, showing that homes are typically selling close to their listing price. With a Median Sold Price of $356,000, buyers and sellers can use this information to gauge the current market value of homes in the area. Sellers may be able to use this information to price their homes competitively, while buyers can use it to make informed decisions on their purchase.
Sumter County
February Market Trends
The monthly supply of Inventory is currently at 3.37, indicating that it would take approximately 3.37 months to sell all the current inventory of homes on the market at the current sales pace. This metric is important as it provides insight into the balance between supply and demand in the market. The Median Days Homes are On the Market is 51, indicating the average number of days it takes for a home to sell once it is listed. A lower number of days on the market typically indicates a strong demand for homes in the area. The List to Sold Price Percentage is 96.8%, showing that homes are selling for approximately 96.8% of their list price. This metric gives insight into the level of negotiation taking place between buyers and sellers in the market. Lastly, the Median Sold Price is $333,000, providing an average selling price for homes in the area. This metric is important for both buyers and sellers to understand the current market value of properties.
Hillsborough County
January Market Trends
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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
January Market Trends
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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
January Market Trends
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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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