Lutz 33558

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.

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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.
 

 

Coldwell Banker Residential Real Estate
Premier Choice Luxury Group 
12551 Bassbrook Lane Tampa, FL 33626  bonneauteam@realtor.com
Call or Text us anytime 813-767-9937