Not since September of 2006 have we seen this level of buyer interest in Tampa. And if you remember those days, that was the tail end of our seller’s market, the waning months of the craziness of 2003-2006. That’s right. We have over 1700 listings in our MLS now in pending status. That’s a major move up as compared to the mid-May, 2008 level of just over 1000 homes under contract.
And the supply side is reflecting this as well with 6945 active listings in Tampa. It was August of 2006 when we last saw that few active listings in Tampa. Active listings swelled to just over 9100 by February of 2008, the peak.
So a stabilization has begun. Inventory is being reduced, and buyers are seeing value, especially at the lower end. First time buyers are now off the fence, and many of them are taking advantage of the $8k credit from Uncle Sam.
Data used is from the Mid-Florida Regional MLS, all brokers/agents included, city = Tampa
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