October 2015 Tampa Bay Real Estate Market Update

I believe it is important to know the local real estate market if you are planning to buy or sell a home. That is why each month I research real estate statistics specifically for single family homes in Hillsborough county. Contact us if you have questions regarding the local real estate market or would like to get a custom market analysis specifically for your home. See the data for October 2015 below on our market report spreadsheet. We can break these numbers down specifically for your neighborhood. Click here for custom market analysis for your home. McGuire Real Estate Team – Tampa Bay, Florida – 813-468-6889

October 2015 Tampa Bay Real Estate Market Update

The average sale price for October 2015 had an increase of 4.3% for Hillsborough county when compared to sales last year! The average sale price in October 2015 for single family homes in Hillsborough County was $234,830.

Active inventory for the month of October decreased 7.5%, when compared to last year, to a total of 5,242 homes. Hillsborough county’s Sellers Market continues with the Months Supply of Inventory remaining steady at 3.5.  Inventory is down 21.2% when compared to last year.  It is time to list your home for sale if you have been considering selling!

The number of closed monthly sales for single family homes in Hillsborough County has increased 8.7% compared to last year. In October 2014 a total of 1399 homes sold and in October 2015 there were 1521 homes sold.

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