A Bottom Has Been Reached...Current Market Stats for Tampa!
We have hit bottom. And now we’re moving up. Calling all buyers. Calling all investors. This is the real deal folks, don’t miss it!
Things are looking very good in the real estate market in Hillsborough & Pasco Counties right now, with all signs pointing to a robust recovery for our area. We’re lucky that we aren’t plagued with the problems of Miami and Vegas, where lenders just won’t lend. We have access to capital for those who are qualified with cash to put down.
So let’s review the statistics:
In March 2009 there were 1,400 homes that sold, which represents a solid improvement over the 1,120 that sold in February 2009 and 942 that sold in January 2009. That’s a 25% jump in sales month over month!
And guess what?
Nearly all indicators were in the right direction: average sale price was up to $168,071 from $160,071 last month and current months of inventory is now at 11.98. We haven’t been lower than 11.98 since December 2006! Current inventory is now at 16,778 down from 17,403 last month and average days on the market are 116 (up slightly from 102 last month).
What’s selling? The most active price range was $200,000-$249,999 with 9.86% of the total sold market. The 2nd most active was $140,000-$159,999, which represented 9.79% of the market.
Note: Well over 50% of all of our closings were distressed/bank-owneds or short sales.
Now is the time! Don't wait - it could be too late! Contact Team Byerly to take advantage of this amazing buying opportunity! We can be reached at 813-426-5981. Get a FREE copy of the latest market stats from our MLS at www.TeamByerly.com - click on Market Stats.