South Tampa Real Estate Market Report | June 6, 2018 - June 12, 2018
In addition to the weekly figures below, I've provided you graphical views of S. Tampa market trends over the past 10 years. The graphs are very telling of where we are in the real estate cycle and clearly illustrate the inverse relationship between inventory and pricing. What's really interesting is that, despite being classified as a "red hot" real estate market, the data shows that the number of homes sales actually peaked in '16 at 2887. In '17, we saw 2721 S. Tampa residential sales and, at the current pace, '18 should produce 2545 sales or 12% less than we saw at the peak.
Have a great week!