Less Sellers, More Buyers?

October 20th, 2006 categories: Tampa Real Estate

Back on October 6th I noticed a slowdown in the number of residential properties being listed for sale in the City of Tampa. Today marks the first time in many months that we see a decrease in the inventory of properties as well as an increase in the number of pending contracts. It is a slight change, but the key thing to note is that the tide has changed, at least for a week.

What’s this mean? Less sellers, with more buyers and sellers able to reach an agreement. This may only be temporary, but it also may signify that we have reached the bottom as far as sales activity goes. And with interest rates continuing to fall in recent weeks, some buyers are realizing that now may be a good time to buy.

Data used is from the Mid-Florida Regional MLS and updated each Friday.

This entry was posted on Friday, October 20th, 2006 at 9:02 am and is filed under Tampa Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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