The real estate market is hot, sometimes seems as though that’s all anyone wants to talk about these days! Here’s a couple pieces of real estate news you might want to know before tailgate season begins.
Hillsborough county is in a serious sellers market. The new inventory coming onto the market has increased. However it is neck and neck with the demand currently and that is what is keeping our inventory levels ridiculously low. There are currently just over 1500 homes for sale in all of Hillsborough county.
Another interesting thing with our market is that the current cash sales has increased 164% when compared to the second quarter of 2020!
The time to contract is currently at five days.
The average sales price for the 2nd quarter of 2021 is $429,944, an increase of 26% when compared to last year.