Current Hillsborough County Real Estate Trends
Hillsborough County, Florida’s current real estate market trends and statistics for the last 90 days as of 6/22/2024 are as follows:
- The number of closed sales is 1,440 which shows an upward trend of 17%.
- Pending sales are currently at 2,293 which is up by 29%.
- Active listings have decreased by 1%, with a total of 4,708 listings.
- The months of inventory has remained at 3.
- The average day on the market is 51;
- The sale price to list price ratio is 96%.
The real estate market in Hillsborough County, Florida has shown positive trends in the last 90 days. Closed sales have increased by 17% to reach 1,440, indicating a growing market. Pending sales have also seen a significant uptick, rising by 29% to reach 2,293. Despite a slight decrease of 1%, there are still 4,708 active listings in the county, showcasing continued interest in the real estate market. The months of inventory have remained at 3, signifying a balanced market. Additionally, the average days on the market stands at 51, further highlighting the demand for properties in the area. The sale price to list price ratio is at 96%, illustrating the strong value of properties in Hillsborough County. Overall, the real estate market in Hillsborough County, Florida presents promising opportunities for buyers and sellers alike.
List Price to Sale Price Ratio
Lastly, the sale price to list price ratio is 96%, which means that properties are selling for 96% of their list price. Overall, the market seems to be leaning towards the buyer’s side, but the prices are still holding for now. If you’re looking to sell, now is a good time to list your property.
Favorable for Buyers and Sellers
The current market conditions are favorable for both buyers and sellers. For sellers, it is an excellent time to list their properties for sale since the inventory is still low, and the sale price to list price ratio is favorable. On the other hand, buyers have the advantage of a higher inventory of available properties to choose from, although prices are still holding for now.
Overall, the current real estate market in Hillsborough County, Florida, is slightly left of center, with a higher inventory of properties available for sale and a slight increase in days on the market. However, the sale price to list price ratio remains stable, which is good news for sellers. As we move forward, it will be interesting to see how the market evolves and whether these trends persist or change over time.
Source of Stats: WPBOR MLS
