The median sales price for existing single-family homes in Hillsborough County rose by 20 percent in November, according to a news release from the Greater Tampa Association of Realtors.
The median price for a single-family home in Hillsborough in November 2014 was $175,000, compared to $210,000 in 2015, according to the release.
The number of closed sales during that month decreased by 1.7 percent, declining from 1,236 in November 2014 to 1,215 in the same month this year.
Existing townhouse and condominium sales prices in Hillsborough County increased by a greater percentage, according to the Realtors’ data. The median sales price for a condo or townhouse in Hillsborough was $125,000 in November 2015, up from $96,960 in November 2014.
Hillsborough County’s active listings of single-family houses decreased by 7.2 percent during the same period, declining from 5,532 listings in November last year to 5,133 listings during the same month this year.
“A continued increase in the median single-family housing prices and the percent of original list price received indicates positive growth in our housing market,” Barbara Jordan, 2015 president of the Realtors’ association, said in the release.
The number of new single-family homes listed for sale increased 3.3 percent to 1,579 this November, as compared to 1,529 last November. The number of new townhouse and condominium listings decreased by 4 percent, from 445 last November to 427 during the same month this year.
The number of months of supply for existing single-family homes was 3.4 months for this November, compared to 4.3 months of supply during the same month last year.
Sellers of existing single-family homes received 95.4 percent of their asking price in November 2015, compared to 93.2 percent of their asking price in the same month last year.
During the same period, sellers of townhouses and condominiums received 94.3 percent of their asking price, a decrease of 1.3 percent from November 2014.
Published December 30, 2015
