South Tampa Real Estate Report
South Tampa Real Estate Market Report | 11/17/24 - 11/23/24
South Tampa properties are getting scooped up as quickly as they’re coming to market, particularly in the sub $2M markets. We’re starting to see some storm-damaged homes trade which will begin to establish a new baseline for land values in flood prone areas. A temporary dip in pricing is likely due to simple supply (too much) and demand (not enough), but South Tampa is a desirable and resilient area and pricing of land in flood prone areas will rebound. Have a great week and a Happy Thanksgiving!
Michael Palermo
