Tampa Bay Housing Market Brighter!

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June 2011 continued the 7-month trend of decreasing inventory and increased sales in Tampa Bay... it actually was a stellar month for writing new contracts! 69% more contracts were writing in June 2011 than in June 2010!!! On the other hand, inventory is at its lowest point since December 2005. Active listings fell by 22% from June 2010 to June 2011. That is why tracking the Absorption Rate (at left) is so important.

As always, The PURTEE Team makes sure their website www.floridagulfproperty.com has the latest statistics posted. You can find the last 5 months of reports directly on the Home Page. To go specifically to the June 2011 stats, CLICK HERE.

The real activity worth noting was in condos. Condo sales from June 2010 to June 2011 showed a 26% gain! Yet, condo listings decreased from 5,344 to 4,584 or 14% over the same time period. We are among the agents noting there is no inventory out there as we approach the levels in 2005 during the boom market! Over 1/2 of the properties sold in June sold in the first 90 days.

Exactly WHY are you waiting? Call The PURTEE Team today! Or skip ahead... fill out your "Wish List" and click SUBMIT. One of us will be in touch with your shortly.