Despite home sales in the South dropping over 18% in July, home sales were up 5% in the Tampa area during the same time period. While single family home prices are still going down, it is uplifting to see home sales rising especially when home sales have dropped significantly elsewhere in the country. Approximately one third of homes sold in the Tampa area have been bank foreclosed properties, which definitely affects the overall price average of the homes selling. People looking to buy have more leverage in price because they can easily purchase a foreclosed home at a lower price, making Tampa Bay a buyers market.
If you are looking to buy real estate in Tampa Bay, look no further. Call me, Annette Bohannon, at (813) 979-4963. Team Bohannon offer expertise in the Tampa Bay real estate market and will keep you well informed and educated. Call or visit our web site today.
