How Does Tampa Bay Compare in Lowest Performing Real Estate Markets?

If you are going to be in one of the lowest performing housing markets in the U.S., at least Tampa Bay is ranked at the bottom.  A Good sign that our Housing Market has bottomed out.

Clear Capital releases their June Major Metro Market Real Estate Report. The report covers REO statistics and saturation, as well as, a year to year performance comparison. Good Stuff!

Detroit, Mich. landed the top position among the lowest performing major markets this month. However, Detroit’s -10.7 percent quarterly price change is a substantial improvement over last month’s -14.4 percent quarterly change. Detroit is indicative of the overall improvement among the entire set. 

All of these markets improved their quarterly losses from last month’s report, this month averaging a -4.9 percent price change compared to -11.1 percent last month. Additionally, thirteen improved their yearly numbers, and twelve improved their REO saturation rates. And the exceptions were modestly off, with yearly prices falling 2.7 percentage points in Oklahoma City, Okla., and only 0.2 percentage points in Tampa Fla.

Clear Capital data is built on the most recent data available from recorder/assessor offices, and then further enhanced by adding the Company’s proprietary market data for the most comprehensive geographic coverage available.

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