Monthly Market Update - June 2017

July 5, 2017

Contrary to popular belief that home sales slow down in the summer, the tri-county real estate market continued to climb in June with more homes coming onto the market and homes selling faster than the month before. For families looking to move into a new home before the school year starts, now is the right time to buy, and June's sales numbers reflect buyer's eagerness to purchase.

 

In Hillsborough, Pasco, and Pinellas, the total amount of home sales went up both month-over-month and year-over-year. Across all three counties, the number of homes sold increased by 4.4% since May and 6.5% since June 2016. Hillsborough had a total of 3,514 sales, Pasco had 1,664, and Pinellas had 2,968. Hillsborough county saw the largest unit increase in sales with an extra 353 homes sold month-over-month.

 

Prices also continued to rise with the average home price in Hillsborough county at $262,537, Pasco county at $191,808, and Pinellas county at $285,175. On average, prices in the tri-county area went up 3.2% since May and 8.7% since June 2016. Pinellas county saw the largest spike in prices with an average sales price of $15,945 more than the month before.  

 

The median time a home is staying on the market went down by 1 day since May (to 22 days), so it is still taking the average home less than a month to sell. This is another indicator that there is not enough inventory available for those who are looking to buy. Sellers interested in listing their home should do so soon to take advantage of the surplus of current buyers. Year-over-year, homes have been selling at an average of 40% faster.

 

Remember, though, real estate is hyper-local and what's happening in your neighborhood could dramatically differ from someone else's. If you're looking for a customized analysis of your home's current worth or help in deciding whether it's the right time for you to buy in your dream community, contact me directly and I'd be happy to provide local, expert advice.

 

 

Philippa Main
813.317.5556
PMain@KW.com

Keller Williams Tampa Properties
5020 W Linebaugh Ave #100
Tampa, FL 33618

Share on Facebook
Share on Twitter
Please reload

Featured Posts

Tampa Bay's Quarterly Real Estate Market Update - Q4 2019

January 9, 2020

1/10
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Philippa Main

813.501.5498

PM@YourMainAgent.com

Future Home Realty

13029 W. Linebaugh Ave #101 Tampa, FL 33626

  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Google+ Social Icon

Both myself and my brokerage, Future Home Realty, are committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. We are committed to accessibility and usability of our website to everyone. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 813-501-5498 or pm@yourmainagent.com and we will be happy to assist you.