September 2022 Real Estate Market Update

The number of sold properties dropped again this month, there just isn’t the same number of buyers in the market as there were last year.  There were 42% fewer homes sold in Hillsborough County in Sept 2022 than in 2021.   The prices are still consistently 20% higher than this time last year with an average sales price of $529,859.  Inventory is still around double what it was this time last year giving us a 2.2 months supply.  The time to contract has increased to 19 days from a low of 5 days back in April.

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