Tampa Bay’s Real Estate Market 2010 4th Quarter

This photograph is of Downtown Tampa and Tampa...

Image via Wikipedia

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. 

~ 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) […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: