Tampa Real Estate Info
Gurvich Group
813-205-1802
Contact Us
Categories
- Channelside Market Updates
- Downtown Tampa
- Downtown Tampa
- First Time Homebuyers
- Hillsborough Property Tax
- Home Inspection Tips
- Home Staging
- Homes For Sale in Tampa
- Keller Williams
- Mortgage Rate Watch
- New Projects (Condos)
- News on Interest Rates
- Seminole Heights Homes
- Short Sale Information
- South Tampa
- South Tampa Neighborhoods
- Tampa Condos
- Tampa Florida
- Tampa Florida Real Estate
- Tampa FSBOs
- Tampa Home Buyer Tips
- Tampa Homes
- Tampa Luxury Homes
- Tampa Market Conditions
- Tampa MLS
- Tampa Neighborhoods
- Tampa Real Estate
- Tampa Realtor
- Tampa Waterfront Homes
- Things To Do In Tampa
- Tips for Sellers
- Uncategorized
- Westshore
Archives
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
Supply and Demand of Tampa Homes
August 25th, 2006 categories: Tampa Real Estate, Tampa Homes, Tampa Market Conditions
Each Friday I look at the number of active residential listings in Tampa as compared to the number of pending listings, listings that are under contract and pending a closing. Why? These numbers are indicators of supply and demand in the local real estate market. This info comes from the MLS which represents brokered listings and does not include any “For Sale by Owner” properties or new construction inventory of builders that is not listed with a brokerage.
Once again, as the chart above shows, supply continues to increase as demand stays fairly stable. Buyers have it good right now with mortgage rates taking another step downward as well as having plenty of properties from which to choose. Buyers also do not have the pressured sense of competition that was the norm just a year ago. This makes for buyers who cannot see making full price offers as they watch prospective homes stay on the market longer and longer. Meanwhile, many sellers are in denial about the flip in the market and are holding on to prices they believed were attainable before the flip.
In this market, looking back can burn you. As supply increases, sellers have to do what it takes to be the most attractive and to stand out in the crowd. Pricing is a biggie, but sellers cannot afford to underestimate all the other little things that can make their offering more appealing.
Leave a Reply
Also Noteworthy
How's The Market In Your Neighborhood?
What I'm Reading:
- FloridaFoodHound
- Tampa Bay Rays Blog
- Sticks of Fire
- Funny Stuff
- Get Your Grill On
- Retro Renovation
- Atomic Addiction