The PURTEE Team prides themselves on being knowledgeable about the Tampa Bay beaches real estate market... both in market statistics, trends and pertinent information. The chart at left clearly defines a trend we have been witnessing throughout this year. September was no exception.The Absorption Rate defines how much of the current inventory is being purchased. When you look at 2008 and 2009, you find the absorption rate really low resulting in high inventory levels. In contrast, this year with the higher absorption, inventory has been steadily decreasing. As a matter of fact, inventory levels in our area are back to 2005 levels!
This does not mean there are not deals to be found... it simply means that when one of them hits the market it goes under contract quickly. There is no more important time to use a professional realtor to help with this process. When we know what our clients are looking for, often we can maneuver them into a property... sometimes before the property is ever listed! The best way to get the ball rolling is to send in our easy Questionnaire. This gets you and what you are looking for on the radar so we can help you find it!
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