South Tampa 33606

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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In 33606, the median sold price for SFH/Villa properties for January was $620,000, representing a decrease of 21.4% compared to last month and an increase of 52.1% from Jan 2015. The average days on market for units sold in January was 229 days, 69% above the 5year January average of 135 days. There was a 5.6% month over month decrease in new contract activity with 17 New Pendings; a 3.6% MoM decrease in All Pendings (new contracts + contracts carried over from December) to 27; and an 11.7% increase in supply to 67 active units. This activity resulted in a Contract Ratio of 0.40 pendings per active listing, down from 0.47 in December and a decrease from 0.46 in January 2015. The Contract Ratio is 8% lower than the 5-year January average of 0.43. 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.
 

Premier Choice Properties 
12551 Bassbrook Lane Tampa, FL 33626  bonneauteam@aol.com
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