Monday, July 30, 2012

Hillsborough County June 2012 Real Estate Prices

A guest blog from the Tampa Real Estate Man, Ray Stevenson.  Hillsborough County is one of Tampa's main counties...


Grand Hampton Community in Hillsborough Cy


Hillsborough County home prices which encompass Tampa continue to increase steadily year over year. The median sales price for single family homes increased 11.6% from $139,350 to $155,500, during June 2011 to June 2012, respectively.

The average sales price for single family homes increased 8.4% from $189,646 to $205,508, during June 2011 to June 2012 respectively.

Days on the Market until Sale for single family homes decreased 45.9%, from 61 days to 33 days during June 2011 to June 2012 respectively. The months’ supply of Inventory for single family homes decreased 43.7% from 7.1 months to 4.0 months, during June 2011 to June 2012 respectively. Remember this is a key stat, when there is a shortage of inventory, homes prices general increase.

As you can see the real estate market in Hillsborough County continues to get better from the statistics snapshot. Short Sales homes increase approximately 10% from June 2011 to June 2012, although this was sort of expected considering a few new rules to speed up the Short-Sales process that may have been attributable to. Foreclosures were down 29.7% from 434 to 305, during June 2011 to June 2012 respectively.



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