Tampa Home Listings Inventory Continues to Grow

July 30th, 2006 categories: Tampa Real Estate, Tampa Homes, Tampa Market Conditions

As of 7/30/06 Tampa has 6790 residential properties available, an increase of 123 as compared to 7/15/06. The number of properties under contract, an indication of buyer activity, has decreased by 43 as compared to 2 weeks ago. This gap between homes on the market and homes under contract continues to grow, indicating a further slowing of the market for Tampa homes. Buyers are out there, but most do not want to pay anywhere close to list price fearing a price decrease. So, low-ball offers are common. On the flip-side, sellers are having a hard time gripping the fact that their homes are not worth what they were 8 months ago. We still have not seen a decrease in the median price of Tampa homes, but I think that we will see that sometime in the next few months.

 

This entry was posted on Sunday, July 30th, 2006 at 3:13 pm and is filed under Tampa Real Estate, Tampa Homes, Tampa Market Conditions. 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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