December 2008 MLS Stats
Team Byerly's Market Update!
The December statistics are in, and the real estate market held its own in Greater Tampa Bay!
In December 2008, there were 1,207 properties sold, up from 1,036 sales at an average sale price of $186,297, up from $182,313 in November 2008 but well off of the average sales price of $267,117 in December 2007. The average list price increased to $198,002 from $195,519, however it's well below the average list price of $281,151 in December 2007. The average days on the market were up a little to 105 in December from 101 in November but down from 117 in the same period a year ago.
THE REALLY GOOD NEWS: There are currently 14.62 months of inventory on the market, this is improved over December 2007’s 17.61 and November 2008’s 18.38. We currently have 17,650 homes on the market, the LOWEST INVENTORY LEVEL we have seen since January 2007…that’s a very positive sign for us all!
What price ranges sold? In November, the most positive price range was $100,000 - $119,999 with 10.04% of the market, or 104 units sold, in December 2008 the price range of $200,000-$249,999 made up 12.84% of the market with 155 sales! The next range was $120,000-$139,999 with 127 sales at 10.52%.
Interest rates are at historic lows now that the 30 year fixed is right around 5%. If you are buying, make sure you are LOCKING IN now! Need a quick pre-purchase approval, contact us! We'll have our preferred lender in touch immediately!
These stats are published monthly, so check back often.
Questions about the market? Call us. We're here to help.