Tampa Bay’s Real Estate Market 2010 4th Quarter


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October’s housing stats showed sales activity in the Tampa Bay region.  You might say yeah but, it is down.  Not really.  The month of October showed 1361 closed transactions.  This is a strong number that circumvented the abrupt short sale/foreclosure moratorium by lenders.  Homes sold within 94% of their list price.  The key was the listing price of the property that allowed the properties to be priced for current demand.  The average days on the market from list to close was 102 days.  Yes, the inventory shows 10 months of residual inventory, however, a balanced market is between 6 and 8 months.  Thus absorption of the two months is very much possible. 

Tampa offers a broad diversity of activites, lifestyles and business opportunities.  Some of the best features include the Florida sunshine, the access to boatable water and affordability.  Tampa is vibrant exciting place to live and work. 

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~ by Lynn Brock on December 5, 2010.

One Response to “Tampa Bay’s Real Estate Market 2010 4th Quarter”

  1. […] Tampa Bay’s Real Estate Market 2010 4th Quarter (brockrealty.wordpress.com) […]

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