South Tampa Real Estate Market Report | May 16, 2018 - May 22, 2018
The S. Tampa housing market should be interesting to watch over the next few months. While some areas of the country are still experiencing a spring market (and spring-like weather), we've settled into the hot, humid days of summer and a majority of folks are focusing on things other than housing...like graduations and summer vacations. This change in "state of mind" is evident in the number of listings that came to market last week (70) vs. an average of 81.5 over the previous six weeks. Combine that summertime trend with an already low inventory and an increase in long-term interest rates (the average 30-yr fixed rate hit a 7-year high of 4.61% on May 17) and I'll bet I'm going to have plenty of stats and commentary to keep you informed through the dog days of summer.
Have a great week!