August 2011 Hillsborough Real Estate Market Conditions July numbers

September 14, 2011

July 2011 numbers are in and we have some good new and some not so good news. However, over all we are seeing an upward trend in units sold, large reductions in inventory when compared to 2010. The bad news is in the Average sold price per unit continues to trend down ward from previous three years. Expert suggest that with the reductions in inventory we should start seeing a stabilization in price. The million dollar question is ;when and how far away? Some experts think 2012 will be the year that we start seeing a turn around. I do hope so! Below you will find the breakdown of the market statistic for Hillsborough county.

1) Units Sold: 1,874., (2010 units sold: 1,554 ) 20.59% increase

2) Average sales Price: $157,145 (2010 average; $164732) (2009 avg $176,649)

3) Current Inventory: 10,225 units 5.5 months of inventory. (2010 invent: 16,135. 10.5 month of inventory)

If you have any questions about this post please feel free to call.

Thanks and go buy and sell some Real Estate

TONY GONZALEZ, MBA, REOS, CDPE
Residential, Bank Owned & Investment Properties
Keller Williams Tampa Properties
3450 Buschwood Park Dr.
Suite 345
Tampa, FL 33618