South Tampa Real Estate Report

South Tampa Real Estate Market Report | 03/17/19 - 03/23/19

Favorable interest rates and an increase in inventory are heating up housing markets across the country as noted in this recent article published on theMReport.com. While sales volume is brisk, Freddie Mac's economists predict price appreciation to slow to 3.5% in 2019 and 2.5% in 2020. If this prediction holds true, the U.S. housing market could see a continued run for the foreseeable future. The appreciation rates of 7-10%+ that we've seen at times over the past 7 years were not sustainable long-term. It was a big week for the South Tampa Luxury Market with seven sales over $1M and capping out at $4.345M. Have a great week!

Sincerely,

Michael Palermo

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