Tampa Bay real estate market statistics for Spring 2019.
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The latest Tampa Bay stats for the month of March are in. Here’s what we’ve found:
- Home prices are steady. From what we’ve seen, they’re just about even year over year.
- Inventory has been climbing. As of the end of March 2019, inventory has gone up 7.3% over last year.
- The number of sales is still very strong, sitting at 3,089 sales closed. However, that’s down about 4.7% from last year’s 3,243 sales.
Every day, people ask us if it’s too late to take advantage of the spring market. Looking at these numbers, our answer is unequivocally no.
The four biggest months for real estate closings in Tampa last year were May, June, July, and August, which means that in order to take advantage of the largest pool of buyers, you’ll want to have your home on the market by April, May, and June. At the very latest, you’ll want to have your home under contract by July.
You can take a look below at all the March stats regarding the number of sales, closed sales prices, and inventory:
If you have any questions about your own real estate situation or would like to talk more about what’s going on in the market, reach out to us. We love to talk real estate, and we’d love to hear from you.