Every month, as Realtors, we receive statistics from the prior month from the Greater Tampa Association of Realtors. We thought our readers might be interested in some of the April stats.
In April there were 1,983 homes sold in Greater Tampa Bay. By comparison in March there were 2,253, so we are down slightly in that category. The average listing price was $159,227, up from $147,640 in March. The average sold price in April was $150,390, up from $139,622. The average list to sale price in April was 94% as compared to 95% in March. The number of days on market increased slightly in April to 110, from a prior 104. Our overall “inventory” or number of homes on the market decreased in April to 12,312 from 13,752 in March. We are at 6.2 months of total inventory – and in the real estate world they say that 6 months of inventory is a balanced market, which is a great thing for our Tampa Bay real estate market. Prices are still lower than they have been historically, but are selling like hotcakes. Great for Buyers – and for Sellers this April upswing in pricing could be a good sign.
What is also interesting is that homes in the lower price ranges have a much higher list-to-sell ratio and are selling faster than the higher priced counterparts. We are experiencing a lot of calls from buyers now that are interested in a property they saw on Trulia or Zillow which has already gone “pending” or under contract by the time they make the call. Properties are selling quickly! Keep in mind that all the listings on LianeJamason.com are from the MLS and are updated daily with current inventory throughout Tampa Bay.
If you’ve been thinking about buying or selling – now may be the time. Contact us today for a private consultation about your real estate needs.