FL ARCHIVED March 2017 | Page 9

Market Action Report March 2017
Phone Community Information | School District

County : Hillsborough

Price Range : All | Properties : SFH - Con

Hillsborough Agent Name County

Market Action Report March 2017

Phone Community Information | School District

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 289,900
6 %
14 %
Average List Price of all Current Listings
$ 423,298
7 %
16 %
March Median Sales Price
$ 225,000
4 %
2 %
13 %
7 %
$ 216,000
13 %
3 %
March Average Sales Price
$ 270,760
7 %
3 %
11 %
6 %
$ 259,773
11 %
2 %
Total Properties Currently for Sale ( Inventory )
4,964
-6%
-12%
March Number of Properties Sold
2,124
34 %
12 %
5,121
11 %
March Average Days on Market ( Solds )
61
3 %
5 %
-6%
7 %
59
-12%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 146
-1%
2 %
9 %
9 %
$ 145
11 %
8 %
March Sold Price per Square Foot
$ 131
2 %
1 %
9 %
5 %
$ 129
10 %
3 %
March Month ' s Supply of Inventory
2.3 -30% -26% -22% -24%
3.2
-15%
3 %
March Sale Price vs List Price Ratio
95.8 %
-. 1 % -. 1 %
. 4 %
-. 2 %
95.8 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
2,500 March Property sales were 2,124 , up 12.0 % from 1,896 in March Property of 2016 and Sales 34.4 % higher than the 1,580 sales last month .
2,500 March March Property 2017 sales sales were were at 2,124 their , up highest 12.0 % level from compared 1,896 in March to March 2,000
of of 2016 2016 and and 34.4 2015 % higher . March than YTD the sales 1,580 of sales 5,121 last are month running . 10.6 % March ahead 2017 of last sales year were ' s year-to-date at their highest sales level of 4,629 compared . to March 2,000
1,500 of 2016 and 2015 . March YTD sales of 5,121 are running 10.6 % ahead of last year ' s year-to-date sales of 4,629 .
1,500 1,000
1,000
500
1,630 1,690
Title
Website Other
1,830 1,777
Number of Properties Sold
500
0
0
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 M
14
15
16
17
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 M
Prices
The Median Sales Price in March was $ 225,000 , up 13.2 % from
Prices
The
$ 198,745 Median
in Sales
March Price
of in
2016 March
and was
up $
3.6 225,000
% from , up
$ 217,175 13.2 % from
last
$ month 198,745 . in The March Average of 2016 Sales and Price up 3.6 in March % from was $ 217,175 $ 270,760 last , up
290 month
11.2 %. from The Average $ 243,462 Sales in Price March in of March 2016 was and $ up 270,760 6.9 %, from up
11.2
$ 253,345 % from $ last 243,462 month in . March of 2017 2016 ASP and was up 6.9 at % the from highest level
270
14
290
270
250
Median
15 Sales Price and
16 Average Sales Price
Median Sales Price and Average Sales Price
17
3 Mo Avg
3 Mo Avg
$ compared 253,345 last to month March . March of 20162017 and ASP 2015 was . at the highest level compared to March of 2016 and 2015 .
250
230
230
210
210
190
190
170
170
150
150
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 M
A M14J
14
J
A S O N D
J
F M15A M J
15
J
A S O N D
J
F M
16 A M J
16
J
A S O N D
J
F M
17
17
1,630 1,690 1,830 1,777 1,736 1,667 1,699 1,472 1,809 1,179 1,504 1,890 1,963 1,907 2,255 2,114 1,964 1,833 1,774 1,463 1,809 1,235 1,498 1,896 2,037 2,137 2,208 2,061 2,102 1,949 1,773 1,834 1,893 1,417 1,580 2,124
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of March
The Total Inventory of Properties available for sale as of March was 4,964 , down 5.9 % from 5,275 last month and down 12.2 %
8,000 was 4,964 , down 5.9 % from 5,275 last month and down 12.2 %
8,000 from 5,652 in March of last year . March 2017 Inventory was at
7,000 from 5,652 in March of last year . March 2017 Inventory was at
7,000 its its lowest
lowest level
level compared
compared with
with March
March of 2016
of 2016 and and 2015
2015 .
.
6,000
6,000
5,000
5,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
4.0
4,000
4,000
3.0
3,000
3,000
A
A comparatively lower lower MSI MSI is more is more beneficial beneficial for sellers for sellers while while a a higher MSI MSI is is better better for for buyers buyers . The . The March March 2017 2017 MSI MSI of 2.3 of 2.3
2,000
2,000 months was was at at its its lowest level level compared with with March March of 2016 of 2016 and and
1,000
1,000
2.0
1.0
2015 . .
0
0
0.0
A
M AJ
MJ AJ
SJ OA NS DO JN FDMJ
AFMM J
AJ MA JS JO AN SD OJ
NF MD AJ
MF MJ
JA AM SJ
OJ
NAD SJ
OF NM
D J
F M
14
14
15
15
16
16
17
17
1,736 1,667 1,699 1,472
7,391 7,491 7,564 7,561 7,562 7,397 7,276 7,102
7,391 7,491 7,564 7,561 7,562 7,397 7,276 7,102 6,944 6,671 6,625
1,809
6,944
1,179 1,504
Number of Properties Sold
1,890 1,963 1,907 2,255
6,671 6,625 6,537 6,552 6,548 6,585 6,319
2,114
6,537 6,552 6,548 6,585 6,319 6,090 5,956 5,947
1,964 1,833 1,774 1,463
5,877 5,536 5,557 5,562 5,652 1,809 1,235 1,498
6,090 5,956 5,947 5,877 5,536 5,557 5,562 5,652 1,896 2,037 2,137 2,208 2,061 2,102
3 Mo Avg
1,949 1,773
5,596 5,689 5,759 5,805 5,773 5,718 5,664 5,632
5,596 5,689 5,759 5,805 5,773 5,718 5,664 5,632 5,342 5,400 5,275 4,964 1,834 1,893
5,342 5,400
3 Mo Avg
1,417 1,580
5,275 4,964
2,124
6.0 5.0 4.0
3.0 2.0 1.0 0.0
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