South Tampa is one of the most desirable places to own real estate in Hillsborough county. Over the last year, the rate at which homes are sold has steadily increased. The amount of homes on the market has decreased slightly shifting from a “buyer’s market” to a neutral market. The average sales price has increased slightly from the previous six months. Also, the average listing price has seen even higher increases with a lower days on the market for the same listings over the last year. Click more for the graph….
Overall, buying South Tampa real estate means a great investment in today’s real estate market conditions. This is due to central location to employment, great schools, leisure activities, restaraunts and other attractions.
To recap the last year has shown houses have began selling faster, inventory is getting lower. This lowering of inventory takes away the downward pressure on values. The average sale price increased from $289,000 to $292,000. South Tampa has also seen a tremendous improvement to Listing Days on Market. Therefore, if priced right the average home is selling in under two months. This is fantastic news. If you know anyone buying, selling, or refinancing in the next 7-10 days give me a call.
Jon Tipton, Realtor/Certified Residential Appraiser
813-391-6121
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