South Tampa Real Estate Report
South Tampa Real Estate Market Report | February 27, 2018 - March 6, 2018
February ended on a more even keel than we've seen in recent weeks. With 86 properties going under contract and 85 new listings, we saw a marked slowdown in the depletion of South Tampa inventory. The February '18 averages across all price points were $413,343 (average sale price); $226.40 (average sale price per square foot); and 54 (average days on market). Compared to February '17, average sale price decreased 3.6%, average sale price per square foot increased 2.5%, and average days on market decreased 12.9%. It will be interesting to see how the market trends in the coming weeks which are typically the busiest of the year. Have a great week!
Sincerely,
Michael J. Palermo
