A Summary of Hillsborough County housing market statistics

Microscopic record low levels of inventory continue across much of Florida, and Hillsborough county is no exception. Average days on market is at or near record low, meaning buyers don't have much time to view or put in an offer, and depending on price point many homes are gathering multiple offers. Inventory levels are below 1 month supply, and demand continues to outpace supply. We are anticipating interest rates to continue to rise, as the Fed tries to control inflation and slow down housing demand. This increase may have an effect on buyer demand in the months to come, but until the supply and demand equilibrium changes, we expect home prices to continue to rise in the Tampa Bay Region.

Posted by Shane Vanderson on

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