Monthly Sales reports for Hillsborough County

[Nicholas Debacker]

Here is the monthly sales report for Hillsborough County for August. 

Median Sales price: continues to rise from $290K in 2020 to $356,946K in 2021. This is a 23% increase year over year and a $6,945 increase over last month. 
Median for Sale vs Median Sold: Sellers were asking 17% more for their home this year and receiving 23% more
Sold properties for August (closed): Down 6% from last year
Under contract for August (pendings): Up 18% over 2021
New listing for August: Up 12 % over last year
New Listings TOTAL: Down 15% over last year

Expired Listings: This is Interesting! Up 18% over last year but expireds are going up in July and Aug (unrealistic pricing?)

Average days on Market: 17 days. Down 53% from last year but up from May, June, and July (Seasonal Market shifting?)

Months Supply on Hand: Down 52% from last year but down from .8 months from last month to .6 months (18 days) this month. A normal market has 6 months supply on hand (neither buyer or sellers market) below 6 months of inventory is a sellers market, above 6 months of inventory is a buyers market. 

Feel free to contact me anytime to discuss your Real Estate goals.