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South Tampa Real Estate Report-Every Stat is Positive

When everything was going your way and it all seemed so good it made you scared, right? Looking at the South Tampa Real Estate stats for March, that’s what you should be feeling now. It’s all going our way. Every stat is positive. Last month I declared us to be in a “Sustained Recovery”, but the March numbers exceed that description.

The number of transactions is up by 40% over last March in spite of a reduced inventory with less selection. Buyers who have been on the sidelines are jumping into the market to take advantage of prices that are still bargains.

The Average Price Per Square Foot is up. Way up. If you have read this report before, you know that this is my favorite indicator of real value. The Median Sales Price is up, indicating fewer distressed sales. The Average Sales Price exceeds the Twelve Month Average. The Median Sales Price exceeds the Twelve Month Average. So, ..the number of sales is up, and the prices are up. Hasn’t that been our definition of recovery all along?

By Bruce Tigert, Bayshore Title-

You can download the full South Tampa Real Estate Report here

P.S. Our inventory has become so low, that if you’ve been considering selling your home, now would be the time to do so.  Contact us to see what your home is worth.

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Written by Rae Catanese, Realtor

Licensed Realtor since 2002, Tampa Bay’s own Rae Catanese regularly gives expert advice and insider tips about the Tampa Bay real estate market via her blog, The Tampa Real Estate Insider. If you are thinking of buying or selling a home in the Tampa, St. Petersburg or Clearwater areas-then this blog is for you. I typically post articles once a week. To make sure you don’t miss my newest posts, you can subscribe here! Have a real estate question? Email me here!

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1 Comment

  1. Russell D. Croft

    I’m glad to see the trend is in your area also. I still own A home in the area that I’ve been able to rent to cover my costs. Best of luck to you in our our new market!

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