Could the sun finally be setting on a down-turned real estate market here in Tampa Bay? The Greater Tampa Association of Realtors has just released their March statistics and things are looking better and better! Monthly sales in March were at 2,183 units, up from 1,642 in February, and at their highest level since last June, and our month’s inventory was down to 6 months – the lowest in over FIVE years. In real estate – they say when you hit 6 months of housing inventory you are at a “balanced” market – neither a buyers or a sellers market but even.
Even some of our investor clients have complained that the “deals” aren’t quite as plentiful as they once were, or that they are being snapped up faster than previously. They are still out there but going quickly! Could it be the right time to buy or sell a home for you? Contact us today.