The Tampa real estate market is awesome. Active inventory continues to drop while contract pendings and solds continue to rise. Active listings declined in May by 10%. Contract Pendings and Solds have increased by 10% over April 2009. Banked owned and short sales dominate the market. The only bad news is that home values continue to decline. I don't see home values stabilizing anytime soon. This decline in value will continue until foreclosure and short sale inventories decline.
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