South Tampa Real Estate Report
South Tampa Real Estate Market Report | 03/22/20 - 03/28/20
What will the South Tampa real estate market will look like on the back side of this pandemic? Nobody can answer that question with any degree of certainty until we figure out how long it's going to last. We're not at that point yet, so all we can do is analyze the available data and make an educated guess. There are still a number of closings taking place, but most of those were in the pipeline prior to the shut-downs, quarantines, and shelter-in-place orders. Activity in the South Tampa real estate market has understandably slowed.
During the week of 2/16/20 - 2/22/20, we saw 105 properties go under contract. Fast forward 30 days to the week of 3/22/20-3/28/20...34 properties went under contract. The bright side is that we have adapted to the times and adopted proper safety protocols to service buyers and sellers that choose to remain active in the real estate market for various reasons.
In time, this crisis will pass. I don't know what the South Tampa real estate market will look like when the pandemic is over, but I can guarantee that we will be here to help you navigate the landscape. Stay safe and have a great week!
Michael Palermo
