Long Time Since Tampa Homebuyers Had it So Good

September 22nd, 2006 categories: Real Estate Market Reports, Tampa Florida Real Estate, Tampa Real Estate

Prospective buyers of Tampa residential real estate have not had it this good in quite some time. The inventory of available homes continues to increase and mortgage rates continue to remain very low.

As the chart above shows, the trend of an increasing inventory of homes continues as does the trend for a decreasing number of homes going under contract (pending). This obviously puts the homebuyer in a favorable position. So why do we not see more more homes selling? The two primary reasons are because buyers are wary and are waiting to see where home prices go from here, and many sellers are not yet ready to lower prices. This leaves a big gap between perceived values of homes for buyers vs. sellers. This makes it more difficult for buyers and sellers to come to terms.  

Tips For Selling in a Buyers’ Market

This entry was posted on Friday, September 22nd, 2006 at 12:44 pm and is filed under Real Estate Market Reports, Tampa Florida Real Estate, Tampa Real Estate. 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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