Hillsborough Market Report Hillsborough Market Report | Page 6

Median Time to Contract
Median Time to Sale
Monthly Market Detail- March 2025 Single-Family Homes Hillsborough County

Median Time to Contract

The median number of days between the listing date and contract date for all Closed Sales during the month
Economists ' note: Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and / or declining numbers of cash sales.
Month
Median Time to Contract
Percent Change Year-over-Year
Year-to-Date
38 Days
5.6 %
March 2025
35 Days
20.7 %
February 2025
38 Days
-9.5%
January 2025
38 Days
11.8 %
December 2024
42 Days
35.5 %
November 2024
38 Days
40.7 %
October 2024
37 Days
76.2 %
September 2024
29 Days
26.1 %
August 2024
27 Days
42.1 %
July 2024
24 Days
41.2 %
June 2024
23 Days
27.8 %
May 2024
28 Days
47.4 %
April 2024
25 Days
-3.8%
March 2024
29 Days
-9.4%
50
2021 2022 2023 2024
40 30 20 10 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

Median Time to Sale

The median number of days between the listing date and closing date for all Closed Sales during the month
Economists ' note: Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the " middle " property selling this month was on the market. That is, 50 % of homes selling this month took less time to sell, and 50 % of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Month
Median Time to Sale
Percent Change
Year-over-Year
Year-to-Date
78 Days
-1.3%
March 2025
74 Days
7.2 %
February 2025
78 Days
-10.3%
January 2025
76 Days
-5.0%
December 2024
84 Days
15.1 %
November 2024
80 Days
17.6 %
October 2024
84 Days
27.3 %
September 2024
70 Days
7.7 %
August 2024
68 Days
13.3 %
July 2024
66 Days
15.8 %
June 2024
65 Days
4.8 %
May 2024
73 Days
17.7 %
April 2024
63 Days
-8.7%
March 2024
69 Days
-8.0%
100 80 60 40 20 0
2021 2022 2023 2024
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.