Local Market Insight Report
Updated monthly, the LMI offers a snapshot of how this area's market is performing compared to last month, last year and 5-year historical averages. You have the option to view the report for all properties or by a particular home type segment.
In 34637, the median sold price for SFH/Villa properties for January was $212,090, representing a decrease of 4% compared to last month and an increase of 1% from Jan 2015. The average days on market for units sold in January was 85 days, 37% below the 5-year January average of 134 days. There was a 22.2% month over month increase in new contract activity with 22 New Pendings; a 17.2% MoM increase in All Pendings (new contracts + contracts carried over from December) to 34; and a 1.1% decrease in supply to 87 active units. This activity resulted in a Contract Ratio of 0.39 pendings per active listing, up from 0.33 in December and an increase from 0.35 in January 2015. The Contract Ratio is 26% lower than the 5-year January average of 0.53. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.