South Tampa Real Estate Report
South Tampa Real Estate Market Report | 01/03/21 - 01/09/21
With the rollout of COVID-19 vaccinations, many of the factors that drove the housing market in 2020 will likely change. Realtor.com explores the possible positive and negative affects the vaccination may have on the housing market in this informative article below. I tend to agree with the author that inventory levels will rise as we move into Q2 and Q3 of '21, but pent up demand will still result in competitive bidding for well-priced homes in favored locations. I also believe the escalation of home prices should slow a little in '21. That's not to say prices will drop...they just won't increase as quickly as they have been simply due to the affordability factor. Who will be the fan favorite in '21, big houses in the suburbs or big cities? Take a couple minutes to read the article to find out. Have a great week!
Michael Palermo
