South Tampa Real Estate Report

South Tampa Real Estate Market Report | 10/9/22 - 10/15/22

The media continues to bombard us with "shocking" YOY numbers (2021 vs. 2022) in the housing market. Be it declines in sales volume, median sale price or increased days on market...it seems as if Chicken Little is editor-in-chief of the majority of publications these days. No, the sky is not falling...it's normalizing. Compared to historically "normal" markets, 2022 has been fairly normal, maybe even a bit better than normal. I highly recommend a quick glance at this article by Mike DePrete in which he demonstrates that '21 was an outlier and graphically shows how '22 has not been such a bad year for real estate after all. Have a great week!

Read the article here: https://bit.ly/3TeN34K

Michael Palermo

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