Published July 13, 2021

The Numbers Driving Our Market: June 2021

Written by Bell Henderson Team

The Numbers Driving Our Market: June 2021 header image.

Our South Tampa Real Estate Market Update provides you with the key data points that drive the real estate market.
Here are the numbers for June.

These numbers drove our June 2021 real estate market.

161 HOMES SOLD | $700K MEDIAN SALE PRICE 191 NEW LISTINGS | 26 DAYS ON MARKET AVERAGE 1.4 MONTHS OF INVENTORY | 3% 30-YEAR INTEREST RATE

We love sharing what’s going on in the real estate market with you. We focus primarily on the ZIP codes 33606, 33609, 33611, and 33629, which is where our data is from today. The number of single-family homes sold in June 2021 increased 14% over May 2021 at 161 and 12% over June 2020, which was 143. The median price is $700,000, which fell from May by 10% but improved from last June by 15%. So year to date, the market is up 15.61%, while the average price has grown by nearly 20%.

"We’re still at an all-time low for inventory, though we’ve seen a small uptick recently."

Our market has 1.4 months of inventory, which climbed 18% from May but reduced by almost 58% compared to June 2020, which had 3.3 months. We’re still at an all-time low for inventory, though we’ve seen a small uptick recently. There were 191 new listings in June, a 13% jump from May and 8% up from last June, which had 177. Buyers now have more options, and that’s what we’ve wanted to see for the last eight months. The number of days on market (or the number it takes a house to sell) was 26 in June, which decreased from 36 days in May and 47 days in June 2020. Everything you hear from the government says they’re going to raise the mortgage rates, but they’re still right around 3%, which is excellent. It’s still a fantastic time to buy. The number of homes that contracted in June was 134, a decline from 155 in May and 181 in June 2020. As always, please reach out to us via phone or email if you have questions about the market or real estate in general. We would love to speak with you.

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