Single family months of inventory in Hillsborough County

This graph shows the months of inventory for single family homes in Hillsborough County. As you can see in the month of June we went from a little more than 1 month of inventory to a little over 4 months of inventory. We believe interest rate increases are starting to have their effect on buyer demand, as many potential home owners are getting priced out of the market, or waiting on the sidelines. 4 months of inventory is still considers a sellers market, but it is getting close to a neutral market. At the moment we don't anticipate prices dropping, but there is now more homes for buyers to choose from, and pricing correctly will become more valuable. 4 months is also about where the market was pre-pandemic. We are anticipating the months supply to increase slightly in July.

Luxury Market:

Single family homes over 1 million dollars month supply of inventory

Months of inventory for single family homes over 1 million dollars has now increased to 8 months, also close to pre-pandemic levels.

Posted by Shane Vanderson on


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