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Increase in sales for Tampa Real Estate Market -Tampa, Fl

Prudential Tropical Realty Announces First Quarter Increase

 TAMPA BAY, FL –  Prudential Tropical Realty announced this week that it has posted an increase in sales during the first quarter of 2009.  During the time period of January – March, 2009 the company posted a 20 percent increase over Jan.-March 2008 in pending dollar volume.  Even more encouraging is that the company saw an increase in closed dollar volume of approximately 39 percent over the previous year.  

  This latest trend may be an indication that buyers are beginning to realize the benefits of buying now vs. waiting until later.  “A better understanding of true market value, coupled with the lowest mortgage interest rates in more than 30 years, have at long last motivated buyers to move off the fence and make a home purchase,” explained Dewey Mitchell, Broker/Owner, Prudential Tropical Realty.

 Furthermore, according to a February report produced by the Greater Tampa Association of Realtors, the Tampa Bay area is now experiencing a nine month supply of housing inventory.  This is a significant improvement over the same time period in 2008 during which there was a 14 month supply of homes.

To View all homes for sale in the Tampa Bay area visit our website.  You can also see what homes are selling for in your neighborhood and get a comparable market analysis.

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813 784 7744-Rae Catanese, PA-Real Estate Agent

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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