Tampa Real Estate - Inventory Going Down, Prices Going to Go Up
The Tampa Real Estate Market is going with a good amount of steam right now. People are seeing the value in the homes and are buying them rapidly again. Tampa Short Sales and Tampa Bank Owned Homes as well as Tampa Foreclosures have multiple offers and are at times only on the market for less than a week. The property inventory last time I looked was sitting at 10 months, down from 24 months a year ago.
Many people are now jumping off the fence to get a piece of paradise we call home and the American Dream of home ownership is affordable once again, with one of the fastest selling market being the Brandon Real Estate Market. As with all things in life, nothing lasts forever. When the inventory starts to drop into about 5 months, prices will begin a steep climb. If inventory drops at a slower pace, prices will climb at a slow pace…but one thing is certain, prices will begin to climb. The majority of the inventory now are condos with homes becoming more scarce.
Wow looks like the bottom has been found in Tampa. It is not great in Baltimore but I’m not sure if we have found the bottom yet.
Yahoo! I’m happy to hear the inventory is going down somewhere. Here it keeps staking up.