Tampa Florida Market Statistics May 2009

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.