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 34655, the median sold price for SFH/Villa properties for January was $207,900, representing a decrease of 7% compared to last month and an increase of 24.1% from Jan 2015. The average days on market for units sold in January was 95 days, 4% above the 5-year January average of 92 days. There was a 29.9% month over month increase in new contract activity with 113 New Pendings; a 23.6% MoM increase in All Pendings (new contracts + contracts carried over from December) to 136; and a 4.8% increase in supply to 261 active units. This activity resulted in a Contract Ratio of 0.52 pendings per active listing, up from 0.44 in December and no change from January 2015. The Contract Ratio is 14% lower than the 5-year January average of 0.60. 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.