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Today I'm going to be updating you on what's happening with real estate in Tampa Bay. I feel the need to do this because just the other day I saw a report from Zillow stating that there is a buyer's market in Tampa, and this could not be further from the truth (Zillow's information is notoriously inaccurate).
Of course, there might be a
few neighborhoods where buyers have the advantage, but overall, we're situated in a strong seller's market in Tampa. We're averaging just a little over 3 months of inventory, sale prices are hovering around $220,000, and homes are taking a few months to sell.
We're seeing a lot of job growth in Tampa and also quite a bit of growth in our downtown area. I expect that this will bring a lot of growth and positive change in our market. However, it's important to keep in mind that not every neighborhood in Tampa will benefit from this growth.
However, we expect home prices to rise in our area, so if you're looking to sell and move up into a bigger home, then now would be a great time for that. Interest rates are still extremely low, but this may not be the case for very long. If you buy now, you have the chance to save thousands of dollars over the lifetime of a loan.
If you're thinking of buying or selling in the Tampa Bay area, please don't hesitate to contact me. I'm always happy to serve you!
Of course, there might be a
few neighborhoods where buyers have the advantage, but overall, we're situated in a strong seller's market in Tampa. We're averaging just a little over 3 months of inventory, sale prices are hovering around $220,000, and homes are taking a few months to sell. We're seeing a lot of job growth in Tampa and also quite a bit of growth in our downtown area. I expect that this will bring a lot of growth and positive change in our market. However, it's important to keep in mind that not every neighborhood in Tampa will benefit from this growth.
However, we expect home prices to rise in our area, so if you're looking to sell and move up into a bigger home, then now would be a great time for that. Interest rates are still extremely low, but this may not be the case for very long. If you buy now, you have the chance to save thousands of dollars over the lifetime of a loan.
If you're thinking of buying or selling in the Tampa Bay area, please don't hesitate to contact me. I'm always happy to serve you!
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