Hillsborough Market Report Hillsborough Market Report | Page 7

Pending Sales New Listings
Monthly Market Detail- March 2025 Single-Family Homes Hillsborough County

New Pending Sales

The number of listed properties that went under contract during the month
Economists ' note: Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Month
New Pending Sales
Percent Change
Year-over-Year
Year-to-Date
4,127
-1.4%
March 2025
1,545
2.2 %
February 2025
1,351
-0.7%
January 2025
1,231
-6.2%
December 2024
934
-1.0%
November 2024
1,092
11.4 %
October 2024
869
-26.2%
September 2024
1,223
6.3 %
August 2024
1,217
-4.7%
July 2024
1,402
-1.9%
June 2024
1,399
-3.0%
May 2024
1,495
-4.2%
April 2024
1,582
-2.5%
March 2024
1,512
-8.0%
2,500
2021 2022 2023 2024
2,000 1,500 1,000
500 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

New Listings

The number of properties put onto the market during the month
Economists ' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value— and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
Month
New Listings
Percent Change
Year-over-Year
Year-to-Date
5,453
7.7 %
March 2025
1,998
10.6 %
February 2025
1,643
-4.2%
January 2025
1,812
17.7 %
December 2024
1,164
20.6 %
November 2024
1,478
6.3 %
October 2024
1,202
-22.0%
September 2024
1,544
-7.0%
August 2024
1,605
-4.7%
July 2024
1,833
10.6 %
June 2024
1,833
5.6 %
May 2024
2,034
21.4 %
April 2024
1,955
24.0 %
March 2024
1,806
7.7 %
3,000 2,500 2,000 1,500 1,000
500 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.