The latest 3rd Quarter Tampa Real Estate Market report just came out. If you are still on the fence about buying a home here are some interesting facts:
- In January of 2011 our average sales price was 134,856 with 11.1 months of inventory on the market.
- In September of 2011 our average sales price climbed to 161,146, with only 5.8 months of inventory on the market.
- Homes priced under 50,000 have only a 3.6 months supply, while homes listed at 1 million and up show a 40 month supply.
If you are a buyer looking for luxury homes in Florida this may be the best opportunity to strike a deal with motivated sellers. There are 284 homes listed for sale at over 1 million and only 7 of those sold in the month of September. Pretty discouraging stats for sellers to say the least. Still think you don’t have negotiating power? Want to see what you can get for the money? Check out our MLS listings here.
This is just a snapshot of our current housing market. If you are looking for the most accurate information and statistics you can download the full report here.