Oldsmar/East Lake Area 34677

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 34677, the median sold price for SFH/Villa properties for January was $208,000, representing a decrease of 22.7% compared to last month and an increase of 11.3% from Jan 2015. The average days on market for units sold in January was 45 days, 22% below the 5year January average of 58 days. There was a 48.1% month over month increase in new contract activity with 40 New Pendings; a 28.6% MoM increase in All Pendings (new contracts + contracts carried over from December) to 54; and a 10.1% increase in supply to 76 active units. This activity resulted in a Contract Ratio of 0.71 pendings per active listing, up from 0.61 in December and a decrease from 0.73 in January 2015. The Contract Ratio is 6% lower than the 5-year January average of 0.76. 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.
 

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