The numbers for the South Tampa Real Estate Market look just like those of last October. The Number of Transactions, Average Sales Price, and Average Price Per Foot are almost identical to last year. The Median Price is very close.
Looking at the Twelve Month Trend, we see the Average Price dipped from the previous two months, but that appears to be a seasonal trend. The Year To Year Comparison shows prices down around 2%, and the Number of Transactions continues to hold strong.
It’s kind of boring. Boring is good. Another word for boring is stable, and stable is a good thing. Stable prices mean that Buyers can purchase without fear of losing their investment. It means appraisers can establish value without having to allow for future market depreciation. It means Sellers can price their homes accurately and know that if they do, their home will sell.
Courtesy of our friends at Bayshore Title, Tampa, Fl
