OCTOBER MARKET REPORT FOR ZIP CODE 34771

In 34771, the median sold price for Single Family Homes properties for October was $340,572, representing an increase of 3.2% compared to last month and an increase of 9.6% from Oct 2019.

The average days on market for units sold in October was 39 days, 25% below the 5-year October average of 52 days. There was a 3.2% month over month increase in new contract activity with 65 New Pendings; a 3.8% MoM decrease in All Pendings (new contracts + contracts carried over from September) to 101; and a 3.5% decrease in supply to 83 active units.

This activity resulted in a Contract Ratio of 1.22 pendings per active listing, no change from September, and an increase from 0.52 in October 2019. The Contract Ratio is 83% higher than the 5-year October average of 0.67. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

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