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tampa market conditions: Home Prices Did Not Drop 15.8% IN May! - 07/29/08 03:16 PM
Don’t believe everything you read! Sage advice, especially when it concerns how some of the media report on the real estate market. It’s the end of the month and with it always comes the much anticipated release of the Case-Shiller Home Price Indices report.
The headline on Yahoo! Finance is enough to scare most buyers right back across the fence:
Home Prices Drop by Record 15.8% in May
That’s a very misleading headline (my opinion). Home prices did not drop 15.8% in May!
What the headline should say:
Twenty City Home Price Index Falls 15.8% From May 2007 to May … (4 comments)
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tampa market conditions: How Long To Sell In Tampa? - 07/28/08 10:55 AM
I was speaking with a prospective seller client recently and she asked the question that most, if not all, seller’s ask. “How long is it taking to sell a home?” The way that I answer this question is to look at homes in the same neighborhood that have either recently sold or are under contract (pending).
Our MLS has a statistic called Days To Contract, which is a measure of the days that the home was listed for sale until going under contract. Of course the numbers are widely ranging, but we can focus on the median as a gauge of … (0 comments)
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tampa market conditions: Tampa Market: Supply And Demand Of Tampa Homes - 07/23/08 08:33 AM
Buyer traffic has certainly picked up in recent months, and inventory is trending downwards. But are those buyers actually buying? Yes is the short answer. While there are many wary and uncertain buyers in the market, the numbers speak for themselves. Sales have been rising. I closely watch the number of pending listings on the Tampa MLS. That gives me a real time (sort of) look at demand for Tampa real estate. And while there has been no spike in listings going under contract, the trend is upward.
So with a downward trending supply, and upward trending demand, we are seeing … (0 comments)
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tampa market conditions: Are We There Yet? - 08/08/07 09:21 AM
Another in the “Notable E-Mail” series:
“Lenny, I read you online from Dublin, Ireland - surprised not to see the following from you, posted, Aug 3, 2007:
The Tampa Bay area ranks #1! Based on a report by Forbes magazine online issue, Tampa Bay is the best place in the country to buy a home. Forbes notes that the Tampa Bay area is in a V-shape recovery – an area that the market undergoes a freefall, but recovers quickly.”
What the Dubliner refers to is the recent ranking of the Tampa real estate market as being the most resilient. Matt Woolsey, … (1 comments)
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Lenny Gurvich
Tampa,
FL
More about me…
Keller Williams Realty Tampa, Florida
Address: 3502 Henderson Blvd, Tampa, Fl, 33609
Office Phone: (813) 205-1802
Cell Phone: (813) 205-1802
Email Me
News, information, and observations regarding the state of the Tampa, Florida residential real estate market!
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