Maybe you’ve heard about the slowdown in real estate sales and are wondering—do I need to be worried about selling my Tampa home? The answer is no! The real news you should be paying attention to is this—sale prices are rising.
Because of the low housing supply, sale prices continue to rise, which is good for sellers. Additionally, buyers are showing a willingness to spend more on houses and close a deal more readily, creating a happy market. In August, the median home price reached $407,100, which is up 4% from last year according to the National Association of Realtors.
At the end of August, housing inventory was 14% lower than last year’s already incredibly low numbers, as recorded in the NAR report. This means that the houses that are for sale aren’t on the market for very long, with 72% selling in less than a month. Although sales are down from last year overall, they’ve been holding steady for a few months now, which is good news for the Tampa housing market!
So what does that mean for homeowners in Tampa looking to sell? Don’t be afraid to price your home for what it’s worth! And let me help you find that pricing sweet spot. If you’re looking to buy a house, know that it’s a competitive market, but I can help you find the perfect home for just the right price—and quickly.
Ready to make some real estate moves? Contact me today!