According to recent national tracking statistics from Realtor.com, the number of for-sale real estate listings has decreased a shocking 19.3% from July 2011 to the same time this year. This significant shrinkage of inventory has resulted in a small but consistent rise in median list price. Listing prices rose 2.6% from July of last year to last month and experts predict that prices will continue to rise this year.
This trend is especially true for Florida. The inventory of homes for sale in Florida has dropped significantly. Statistics show more than a 30 percent decrease in property inventory. The average sale price for Florida real estate listings has increased up to 1.7 percent. This is especially true In the Tampa Bay area, where there has been a steady increase in the home prices for six straight months.
The average days it takes a home to sell now is shrinking as well. All-cash buyers have surged since the housing downturn revealing the changing dynamics of today’s home buyers.
In this rebounding real estate market, now might be a good time to decide on a realtor to sell your home.
If you’re thinking about listing your home for sale, contact Teresa Williams of Prospera Realty at 813-434-0290 or visit https://www.prosperarealty.com. Teresa is a seasoned professional with unrivaled real estate knowledge in the South Tampa market.