Tampa Bay Real Estate Stats & Home Sales Statistics for February 2016 from #1 Florida REMAX Agent

There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.

Listen as Andrew Duncan, Tampa Bay's #1 Realtor and expert together with Arnie Diaz of Waterstone Mortgage talk about February's Real Estate statistics and important trends in the Tampa Bay market.

For February, there were 2,074 home sales. The average sales price was $220,170. The average home in Tampa Bay sells for 97% of the asking price in 73 days and there was 3.6 months of inventory.

It was the first time in a while that they saw a decrease in the number of sales based on the year over year comparison though there is an increase of $25,000 or 9-10% depending on the price point. As you climb up the price charts, the inventory gets worse. Like for million dollar homes, there is 27 months of inventory and 287 homes on the market. The slow down in the real estate market, it usually happens in the higher price points first.

Although the market slowed down a bit in the first quarter, both agreed that it is not an indication that this will be the trend for the following months. Andrew said that there are a lot of economic factors that keep the Tampa Bay market in a different place than other parts of the country don't have like job growth and population growth.

To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.

No comments :

Post a Comment

Note: Only a member of this blog may post a comment.