The PURTEE Team keeps their clients informed about the Tampa Bay beach real estate market with informative monthly updates via their email list. These updates include the current statistics on Absorption (inventory turnover), Condo and Single Family Home Active Listings Inventory & Sales.In order to navigate this recovering market, buyers and sellers need to be informed. Real estate is not the same from county to county across the country... it is very much localized. The worst thing we are seeing is buyers who think they are more knowledgeable about the market and where it is headed. They often do not listen nor do they look at the facts or trends... these are the buyers who will miss the opportunities that exist here on the water in Florida TODAY!
Take a look at the chart above in regards to inventory being absorbed. 2008 was even worse, but look at the trend since February 2011! Look again at the start we had in March to June 2010. What happened there??? The Gulf oil spill happened which halted that momentum. However, we have been in double digit absorption for a year. Inventory is at record low levels... and the trend of moving to Florida has picked up again, primarily due to its affordability.
If you are interested in learning more about the Tampa Bay beach real estate market, join our monthly update email list. It is easy. Just us our CONTACT US ez form to send us your email and start getting information this month! Just tell us you want to be on the email list in the notes section. You, too, can own your piece of paradise and enjoy the Florida lifestyle that we all love so much!
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