April Market Report

 

April 2017 remains a buyers market.  Right now there are more buyers in the market than homes for sales.  Prices continue to increase and listed homes on average receive contracts in less than a month.  While interests are above recent lows, they still remain a bargain against long term averages.
1) Inventory of homes dropped to 2.7 month supply from 2.9 months.
2) Home prices increased 9.5% to an average of $262,500
3) On average, listed homes had a contract in 29 days.

Offsetting this strong news, home sales decreased .8% from last April.  It appears to be driven by a shortage of inventory vs. lack of demand.

To review the full report click on:

https://tamparealtors.org/wp-content/uploads/GTR-Market-Stats-April-2017.pdf?_cldee=am9obi50b21saW5AdG9tbGluc3RjeXIuY29t&recipientid=contact-58848f36c18d46db81baedd2f0506e9d-9c7fbdd015924a00bff23fb7977305c0&esid=cf5f2438-9f40-e711-9c13-00155d10061b

 

 

 

 

 

 

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