Northwest Hillsborough County Real Estate Update for December 2010

Northwest Hillsborough County Active Single Family Listings:
Northwest Hillsborough County is a great place to call home and with new single family properties coming on the market daily, purchasing your dream home will be a breeze. Active single family listings on the market currently total 3,422 with the average listing price of $329,864.

Northwest Hillsborough County Sale Pending and Sold Single Family Listings:

Currently, there are 1,308 single family properties with pending sales in Northwest Hillsborough County. In the past 3 months, 1,110 properties closed with an average sale price of $203,698. The average amount of time a single family Northwest Hillsborough County listing was on the market for was 146 days. The ratio of the average original list price to the average price for which a property was sold was 79% - which means on average, sellers received 79% of the original asking price of their home.

Data provided by the MLXchange.

Absorption Rate/Supply for Single Family Homes in Northwest Hillsborough County:
The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales. In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market. At the present time it will take about four and a half months to sell all of the current active listings, without adding any new homes for sale. The charts are based on trends from last month.

Quick Condo Stats for Northwest Hillsborough County:
Average Original List Price of Sold Condos: $135,416
Average Sales Price of Condos: $121,632
Average % Seller Received Compared to Average List Price: 90%

For more information on properties in Northwest Hillsborough County, feel free to contact us! There is a variety of great single family homes and condos available on the market. If you are planning to sell your Northwest Hillsborough County home, we have a proven marketing strategy that will ensure your satisfaction with the home selling process!

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