Local Market Insight
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 33626
The median sold price for SFH/Villa properties for February was $355,000, representing an increase of 22% compared to last month and a decrease of 3.2% from Feb 2015. The average days on market for units sold in February was 73 days, 11% below the 5-year February average of 82 days. There was a 16.3% month over month increase in new contract activity with 57 New Pendings; a 14.1% MoM increase in All Pendings (new contracts + contracts carried over from January) to 81; and a 7.8% increase in supply to 111 active units. This activity resulted in a Contract Ratio of 0.73 pendings per active listing, up from 0.69 in January and a decrease from 0.74 in February 2015. The Contract Ratio is 10% lower than the 5-year February average of 0.81. 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.