Here’s the latest Tampa real estate market report for May 2016 from Tampa real estate agent Lance Mohr of Keller Williams. Contact Lance at www.tampa2enjoy.com.
The housing market news data provided has been pulled from the MLS, regarding single family homes in the Tampa/Hillsborough county areas in Florida. Let go over May 2016… I have never seen anything like this in all my years in Tampa Real Estate! Active homes hasn’t changed much from April, and neither has pending sales. But check out the sold homes- I had to double check the market statistics in order to make sure that my data was correct. We went from 1700 sold homes the previous month up to 2300! It’s amazing! Short sale homes and bank owned homes have gone down significantly. If you are a home buyer and you’re looking for a home between $100K – $200K in Hillsborough county, there is only less than 1 month of inventory. Which means it’s very tight if you’re looking for a new home. There will be a fight for property inventory and therefore multiple offer situations will arise from it. There will also be a lot of buyer traffic coming to see listed homes for sale. Within 18 hours, a new listing of mine had 14 showings and we received 3 offers… this was just days ago! Let me know your thoughts on this housing market trends update. Best of luck to you in Tampa real estate!