Whether you're buying or selling, there are still some great opportunities in this market.
Today I have your latest Tampa Bay area market update. The numbers are in from the month of July, and overall we saw a strong sales month compared to July 2017. The number of closed sales rose roughly 4.8% from 3,144 to 3,295. Prices also rose 4.4% year over year, but they dropped 3.6% compared to June 2018. Another interesting trend to note is that inventory climbed for the third straight month and now sits at 2.6 months. Despite this climb, that's still a low amount of inventory. We’re potentially seeing the beginning of a shift, but whether you’re buying or selling, there are still some great opportunities in this market. If you’d like to look at the statistics for yourself, click here.