South Tampa Real Estate Report

South Tampa Real Estate Market Report | 08/02/20 - 08/08/20

The flow of new listings in South Tampa dropped by about 10% from its peak a few weeks ago, but the absorption rate is still incredibly high (95.55%) resulting in continued low-inventory. Some national outlets are reporting that over 50% of all listings are receiving multiple offers due to the low-inventory/low-rate environment. Based on my personal experience over the past 5 months, I'd say that percentage is closer to 65%-70% in the South Tampa real estate market. Stay safe and have a great week!

Michael Palermo

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