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April Bank of America Realtor Survey Results For Tampa
May 15th, 2007 categories: Tampa Real Estate, Homes For Sale in Tampa, Tampa Market Conditions, Tampa Realtor
Bank of America sends out a monthly survey to Realtors across the country to gather information on local housing markets. Here is a summary of Tampa’s survey results for the month of April:
“Traffic remains far below agents’ expectations, with no signs of improvement.”
Sixty-seven percent of Tampa Realtor respondents said home buyer traffic was less than expected in April. Two percent noted higher than expected traffic. Wonder where they are? I’ve noted an increase in traffic recently but it still has not produced more buying activity.
Seventy-four percent of agents said prices have fallen in comparison to the previous 30 days, while 2% said prices have risen. I’m in the former group of respondents. Multiple price reductions are the norm for MLS listings.
“There is more inventory and fewer qualified buyers.”
This was a quote from one of the respondents, and I’m sure that this is the general feeling among the majority. Inventory has been on a steady increase as noted in our weekly Tampa real estate market conditions report.
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Hey, this is a great looking site update.
Thanks Jonathan. Old one was getting a little “stale”.