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.
Summary In 33558, the median sold price for SFH/Villa properties for January was $299,900, representing a decrease of 6.3% compared to last month and an increase of 3.4% from Jan 2015. The average days on market for units sold in January was 73 days, 25% below the 5-year January average of 97 days. There was a 50% month over month increase in new contract activity with 30 New Pendings; a 30.3% MoM increase in All Pendings (new contracts + contracts carried over from December) to 43; and a 2.4% decrease in supply to 80 active units. This activity resulted in a Contract Ratio of 0.54 pendings per active listing, up from 0.40 in December and a decrease from 0.74 in January 2015. The Contract Ratio is 26% lower than the 5-year January average of 0.73. 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.