Hillsborough County
Market Action Report
County: Hillsborough
February 2016
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 69, up 4.5% from 66
days last month and down 14.8% from 81 days in February of last
year. The February 2016 DOM was at its lowest level compared
with February of 2015 and 2014.
90
81
77
80
3 Mo Avg
69
70
60
50
40
30
20
10
0
M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
13
14
15
16
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The February 2016 Selling Price per Square Foot of $114 was
down 0.4% from $115 last month and up 12.9% from 101 in
February of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
114
101
95
M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
13
14
15
16
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2016 Selling Price vs Original
List Price of 94.7% was equal to 94.7% last month and up from
92.8% in February of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
94.7%
95%
94%
93.1%
92.8%
93%
92%
91%
90%
M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
13
14
15
16
Inventory / New Listings / Sales
Inventory / New Listings / Sales
5,586
5,400
5,394
5,824
5,755
5,999
5,851
6,513
6,239
6,493
6,484
6,579
6,485
6,906
6,629
7,243
7,065
7,532
4,000
7,366
7,541
7,534
7,470
7,373
7,361
7,343
7,304
7,264
7,195
6,895
6,596
6,331
6,097
5,000
5,971
6,000
6,004
7,000
7,184
8,000
5,943
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2016 was 2,447, up 10.9% from 2,206 last month
and up 6.5% from Ȱ