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 market conditions changing ever so slightly. The gap between supply and demand is (has been) closing. Something we have not seen here in Tampa for some time. Will the trend continue? Time will only tell. Here’s a look graphically:

Tampa Real Estate Market Conditions Chart

More specific questions about the market? Looking to buy? Sell? Call us 813-205-1802 Data used is from the Mid-Florida Regional MLS, all brokers/agents included.