March Survey Points To Further Declines

April 10th, 2007 categories: Tampa Market Reports, Tampa Real Estate

Bank of America sends out a survey to real estate agents monthly to attempt to put together an accurate assessment of local housing market trends. I try to respond as often as possible. Today I received the aggregated results from the March survey.

Some Key Results:

• 75% of local respondents noted less buyer traffic than one would expect for this time of year.
• 66% of local respondents noted a decline in prices as compared to the previous 30 days.

Bank of America’s take:

“We do not sense that a bottom is near as home listings and the time needed to sell
continue to deteriorate, typically a leading indicator for home prices. We think prices
will remain under pressure throughout ’07 as sellers must become more aggressive in
order to bring buyers back into the market.”

March Tampa Real Estate Market Conditions Survey Results

This entry was posted on Tuesday, April 10th, 2007 at 10:57 am and is filed under Tampa Market Reports, Tampa Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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