The housing market reads like a tabloid these days. The doomsdayers keep doomsdaying about a market crash, collapsing prices, and home sales being at an all-time low for the past decade. However, economists have been forecasting a housing market bounce back and a seller’s market since the beginning of this year. So what gives?
I say look to the real estate professionals as your go-to resource for local market conditions. It’s my job to study the Tampa and Florida housing market, so you don’t have to. I want to guide you in the best real estate selling and buying decisions because I’m in this industry for the long haul with you.
While the contradictory news headlines depict a market with slow sales, soft prices, and high rates, the overall housing market is actually far more competitive than what the news would have you believe.
The bottom line is that we are in a seller’s market right now. The number of listings is still less than 50% of the level of 2019. In fact, actual inventory might be overstated after accounting for overpriced listings and homes in poor condition. Bright MLS reported Mid-Atlantic sales averaging 3.4 offers for home sales in March of this year.
What does this mean for you? This is all fantastic news for the Tampa market since the value of the homes in this area has consistently appreciated and will give you a strong return on investment. And buyers need to move quickly when they find something they love, which is excellent for closing on that sale.
If you ever have questions about what is going on with the real estate market, please don’t ever hesitate to reach out and ask questions – you don’t have to be the expert. That’s what I’m here for!
With all the summertime moves, now is the perfect time to maximize your housing ROI and make your housing dream come true. Get in touch with me today, and I’ll let you in on the insider’s view of Tampa real estate listings.