The housing market data provided has been pulled from the MLS, regarding single family homes in the Tampa/Hillsborough county areas in Florida. This month in real estate news: we are still in a Sellers’ market and it’s hot! Active listings are a little down, while pending & completed sales are higher and looking up. From the supply and demand point of view, the inventory rate has dropped and it’s low. So if you are looking for a home in the $100K – 300K range, it will be a tight housing market because of that. It’s tough for buyers right now, because there is a good chance that they will run into multiple offers due to the low inventory of homes out there. At the moment, most of my listings currently are receiving multiple offers, which exemplifies just that. The buyer that usually wins a multiple bid situation has all their ducks in a row lending-wise and as long as they have hired a good & aggressive realtor who knows what they’re doing. Not all agents are the same, so be particularly selective when it comes to choosing the best Tampa realtor to represent your interests. Informing yourself of real estate market reports and housing market trends at the start of your search will come in handy and prepare you for the home buying process. This housing market update video for April 2016 will generally give you a good idea of how the Tampa real estate market is at this time.
Visit www.tampa2enjoy.com to view all homes for sale in Tampa Bay including Free home buyer and seller webinars. Plus – check out my real estate educational YouTube Channel at www.youtube.com/tampa2enjoy.