JANUARY 2023 FLORIDA MARKET STATISTICS AND ABSORPTION RATE

Sellar MLS January 2023 Residential Stats - Thi report represents all residential listings in the Stellar MLS coverage area for January 2023.

According to Stellar MLS Florida coverage area, notable statistics state that:

- New listings increased by 40% month over month and 2% year over year, while Active listings inventory increased by 112%, more than double from last year.

- The number of units sold decreased from the previous month and has declined substantially year over year. Inventory increased for the same time frame.

- Total Sales Volume decreased by 23% month over month and declined by 29%  year over year.

- Average Days on Market has increased 10% month over month and doubled from last year. 

The demand for housing in Tampa Bay, FL is still high. The absorption rate in real estate language means the number of sold homes divided by the available homes in the same area and at the same time.

Where most states are below 70%, we in Tampa Bay Area are still above 80%.