More single-family homes went under contract across Wesley Chapel, Zephyrhills, Land O' Lakes, Dade City and San Antonio last week. 115 homes went pending, up from 82, while new listings fell from 129 to 107. Buyers had 1,591 active listings to choose from as of November 9.
What changed in the Pasco County housing market last week?
Single-family home activity | Oct. 26-Nov. 1 | Nov. 2-8 | Change |
|---|---|---|---|
New listings | 129 | 107 | -22 |
Homes that went pending | 82 | 115 | +33 |
Reported price reductions | 284 | 322 | +38 |
Active listings at the Monday snapshot | 1,620 | 1,591 | -29 |
Closed sales | 80 | 57 | -23 |
New contracts rose about 40% and outnumbered new listings by eight. Closings fell to 57, but those sales reflect contracts signed earlier. The increase in pending sales gives a more recent look at buyer activity across the five areas.
What did homes sell for in each area?
Area | Closed sales | Median sale price | Median days to contract |
|---|---|---|---|
20 | $500,000 | 38 | |
11 | $434,990 | 81.5 | |
13 | $420,400 | 43 | |
12 | $336,843 | 26.5 | |
1 | $440,000 | 16 | |
All five areas | 57 | $428,290 | 42 |
Wesley Chapel led the five areas with 20 closings. The combined median sale price was $428,290, up from $424,450 in the previous report. The mix of homes that close can move the median from week to week. San Antonio's figures come from a single sale.
How long did homes take to go under contract?
The median was 42 days among the 55 closed sales with timing data, down from 49 days in the previous report. Of those 55 homes, 23 went under contract within 30 days. These figures describe the homes that closed during the reporting period.
What do the price reductions mean for buyers and sellers?
Stellar MLS showed 322 reported price reductions, up from 284. Of the 57 homes that closed, 28 sold below their last asking price, 16 sold at it and 13 sold above it. The median sale price was 96.7% of the original asking price when measured listing by listing. That ratio includes changes to the asking price and excludes seller credits.
If you're buying, check the listing's price history and compare it with recent sales nearby. A price reduction can make a home worth a second look, especially if it's now closer to what similar homes have sold for.
If you're selling, look at the homes buyers can see in your price range today. With both pending sales and price reductions up this week, your closest competition is a better guide for pricing than the five-area total.
What would you like to know about buying or selling in your neighborhood?
Source is Stellar MLS activity totals and closed-sales exports for single-family homes in five selected MLS city areas. Active inventory figures are Monday snapshots from November 2 and November 9. The current sold export is labeled November 1-8, and all 57 recorded closings occurred November 2-6. Two closed sales had no days-to-contract value and were excluded from timing calculations.
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