If you like to see charts to determine trends in the real estate market, then you will appreciate this view of the Tampa real estate market. Charts are used often in many industries and specifically the stock market, but rarely are they used to analyze trends in the real estate market. The following chart shows the current trends in Tampa home sales.
The real estate chart above shows the number of sales each month (yellow diamonds) and then tracks the one-year trend (red) and the three-year trend (blue) of average monthly sales. Both the one-year and three-year trend are on the rise, meaning home sales in Tampa are getting stronger each month. Note the vertical yellow line shows where the end of the Homebuyer Tax Credit occurred, and the market only saw a slight and brief downward trend following the "stimulus" provided by the Federal Government.
The Tampa housing market is well into a recovery, and we can say that home sales have been on the rise for several years. Once we see the supply of upper end homes for sale in Tampa become reduced, it will be possible for real estate appreciation to commence in Tampa.
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