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It’s Getting Better For Tampa Home Buyers
January 19th, 2007 categories: Homes For Sale in Tampa, Tampa Market Reports, Tampa Real Estate
The trend of increasing supply of Tampa homes for sale continues as we enter the second half of January, 2007. After the inventory of homes for sale stabilized somewhat in October of 2006, the sellers are making a substantial push, widening the gap between homes under contract and homes looking for a buyer.
As we saw last week, the number of properties listed for sale in Tampa increased by about 200 units this week as well. While the number of homes going to pending status also increased, the difference between the two widened, representing an increase in supply over demand. Buyers continue to have the upper-hand with more choices and more anxious sellers, as well as continued low costs to finance home purchases.
Prices are going down, generally speaking. The median prices of homes sold should reflect this during the coming months. Stay tuned.
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2 Responses to “It’s Getting Better For Tampa Home Buyers”
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How's The Market In Your Neighborhood?
Which is the best townhouse development in the West Chase/Carrollwood/Citrus Park area of Tampa? What are the price ranges? Are prices still falling? Thanks, Larry
Larry,
Depends on how you define “best”. Price ranges are wide from non-waterfront to waterfront townhomes. It is a strong buyers’ market for just about all property types currently.