• May 10, 2019

Sale Comparison for Northwest Hillsborough (May 2019)


Sale Comparison for Northwest Hillsborough (May 2019)

Comparing sales in the area for the month of April 2018 to April 2019, the number of sales closed was the same. However, the 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.

As mentioned in last month’s article, the real estate market in Northwest Hillsborough remains strong with low levels of homes for sale. Prices, while going up, are beginning to flatten as the sales price of homes is exceeding many buyer’s abilities to purchase, especially in the starter home price range.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-908-7293 or visit https://josephlewkowicz.com/