My area of specialization is Northwest Hillsborough County. The newsletter, Broker Notes, is sent to 18,000 homes. We now offer it online along with a recap of the market as of the date we sent it. I hope you enjoy reading it. If you have questions about the real estate market in this area, please contact me. My information is below.
For this area, the number of sales closed for the month of April 2018 to April 2019, were the same. However median price had increased for the area from $305,000 in 2018 to $315,000 in 2019: a 3.3% increase from the previous year. Closed sales were higher in March of this year than they were in April with 391 closed sales in March compared to 362 in April. Median price, however, had increased in the month from $301,000 to $315,000.
In the higher price range above $500,000, there were also more sales last year compared to this year with 50 homes sold in 2018 compared to 36 this April. The number of new construction sales was the same for both years. The median price was higher this year compared to last year by $10,000 to $315,000: a 3.3% increase in price. This rate of price appreciation is about the same rate as inflation and is usually good for a sustainable real estate market.
Foreclosures and short sales remained an insignificant number of sales with 11 total for both types of sales.
As of today’s date, there are 971 active listings for sale, compared to 956 a month ago. There are 707 homes under contract now, compared to 751 last month at this time.
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