It has been very interesting to watch as we have previously discussed the pendulum here in the Tampa Bay real estate market. Prices have fallen to unprecedented lows making owning property much more affordable. That combined with a brutal winter has worked to boost the sales forward! While national existing home sales month to month comparison are DOWN 9.6%, Florida existing home sales month to month comparison are UP 13% according to the National Association of Realtors! As the pendulum begins its swing, we have counseled clients that once the media is on board that it is time to by... many of these tremendous opportunities will be gone. There are certain properties that buyers are now "stalking" to jump on as deals hit the market. The March statistics are in and have just been posted to our website. March Statistics. As always, we go straight to the Absorption Rate (the inventory turnover determined by dividing the total number of units sold by the number of active listings). The percentage increases are pretty impressive! Then when you look at the statistics and compare the number of listing by month and year to the sales... the trend is there... and the pendulum has definitely begun its swing!!! Even Fortune Magazine agrees: Real Estate: It's The Time To Buy.
Wednesday, April 6, 2011
Tampa Market Heating Up FAST!
Click On Chart To Enlarge 
It has been very interesting to watch as we have previously discussed the pendulum here in the Tampa Bay real estate market. Prices have fallen to unprecedented lows making owning property much more affordable. That combined with a brutal winter has worked to boost the sales forward! While national existing home sales month to month comparison are DOWN 9.6%, Florida existing home sales month to month comparison are UP 13% according to the National Association of Realtors! As the pendulum begins its swing, we have counseled clients that once the media is on board that it is time to by... many of these tremendous opportunities will be gone. There are certain properties that buyers are now "stalking" to jump on as deals hit the market. The March statistics are in and have just been posted to our website. March Statistics. As always, we go straight to the Absorption Rate (the inventory turnover determined by dividing the total number of units sold by the number of active listings). The percentage increases are pretty impressive! Then when you look at the statistics and compare the number of listing by month and year to the sales... the trend is there... and the pendulum has definitely begun its swing!!! Even Fortune Magazine agrees: Real Estate: It's The Time To Buy.
It has been very interesting to watch as we have previously discussed the pendulum here in the Tampa Bay real estate market. Prices have fallen to unprecedented lows making owning property much more affordable. That combined with a brutal winter has worked to boost the sales forward! While national existing home sales month to month comparison are DOWN 9.6%, Florida existing home sales month to month comparison are UP 13% according to the National Association of Realtors! As the pendulum begins its swing, we have counseled clients that once the media is on board that it is time to by... many of these tremendous opportunities will be gone. There are certain properties that buyers are now "stalking" to jump on as deals hit the market. The March statistics are in and have just been posted to our website. March Statistics. As always, we go straight to the Absorption Rate (the inventory turnover determined by dividing the total number of units sold by the number of active listings). The percentage increases are pretty impressive! Then when you look at the statistics and compare the number of listing by month and year to the sales... the trend is there... and the pendulum has definitely begun its swing!!! Even Fortune Magazine agrees: Real Estate: It's The Time To Buy.
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