Hillsborough Market Report Hillsborough Market Report | Page 12

Closed Sales
Monthly Market Detail- March 2025 Townhouses and Condos Hillsborough County
Summary Statistics
March 2025
March 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
355 440-19.3 % 144 161-10.6 %
Median Sale Price $ 280,000
$ 289,900-3.4 %
Average Sale Price Dollar Volume
$ 350,849 $ 351,815-0.3 % $ 124.6 Million $ 154.8 Million-19.5 %
Median Percent of Original List Price Received
95.1 % 96.1 %-1.0 %
Median Time to Contract 50 Days 30 Days 66.7 %
Median Time to Sale
81 Days
69 Days
17.4 %
New Pending Sales New Listings
409 672
437-6.4 %
576 16.7 %
Pending Inventory 477 Inventory( Active Listings) 1,995 Months Supply of Inventory 5.5
608-21.5 % 1,435 39.0 % 3.5 57.1 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note: Closed Sales are one of the simplest— yet most important— indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales( and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes( i. e. comparing a month ' s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
925
-13.9%
March 2025
355
-19.3%
February 2025
315
-6.3%
January 2025
255
-14.4%
December 2024
341
6.2 %
November 2024
277
-13.2%
October 2024
299
-24.3%
September 2024
266
-31.8%
August 2024
393
-6.9%
July 2024
408
-2.2%
June 2024
425
-9.8%
May 2024
557
-3.8%
April 2024
447
-4.9%
March 2024
440
-8.7%
800
2021 2022 2023 2024
600
400
200
0
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 M J J A S O N D J F M A M J J A S O N D J F M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, April 24, 2025. Next data release is Thursday, May 22, 2025.