Hillsborough County Real Estate Market Update February 2025
Hello, I’m Bill Zeltman, Team Leader of the Gulf Palm Home Team and Broker Manager of Realty One Group Beyond here in Hillsborough County, Florida. Today, I want to provide you with a market update for January 2025.
Let’s start with the Months Supply of Inventory. Currently, we have 3.67 months of inventory available in the market. This means that at the current sales pace, it would take 3.67 months to sell all the homes on the market. Over the last 12 months, we have seen a significant increase of 92.15% in the Months Supply of Inventory.
Next, let’s look at the Sold to List Price percentage, which is currently at 97.2%. This percentage represents the final selling price of a home compared to its listing price. A higher percentage indicates a strong seller’s market, while a lower percentage may indicate a buyer’s market.
The median days on market is 36 days, which is the amount of time it takes for a property to sell from the day it is listed until it goes under contract. This number can give you an idea of how quickly homes are selling in the current market.
Lastly, the median sold price in Hillsborough County is $402,000. This number represents the middle price point of all homes sold in the area, giving you an idea of the overall market value.
Overall, these data points provide a snapshot of the current real estate market in Hillsborough County. As always, it’s important to consult with a professional REALTOR® for personalized advice and guidance based on your specific needs and goals.
Thank you for watching. If you have any questions or are interested in buying or selling a home in the area, feel free to reach out to me at the Gulf Palm Home Team. Have a great day!
Contact us at 727-488-7423 or go to GulfPalmHomes.com
