Is Tampa Bay’s Luxury Real Estate Market starting to show signs of a slow down?

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Tampa Bay's #1 Realtor, Andrew Duncan, talks about Tampa's Luxury market based on an article in New York that says the top end market is the tipping point from the seller's to a buyer's market. This is usually the first step of a Real Estate transition from a seller's to a buyer's market when you start to see the changes in the upper end then it trickle downs to the lower price points.

There is an increase in the inventory of Luxury homes which means there are more sellers putting their homes on the market but not as many buyers for those homes. With an ageing population, it is normal to see home owners put their homes on the market because the kids are off to college and they think they do not need the big house anymore. It is not really selling because of a need but more due to a lifestyle change. The question now is if there's enough of the younger population who are getting older and getting an income increase to start to pick up those home being sold.

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 Sunday at 10 am.

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