South Tampa housing market firms up...a bit

By
Real Estate Agent with Smith & Associates ( www.jeannewolfe.com )

It seems that the absorbtion rate for homes in South Tampa continues to rise. At the same time we are seeing the inventory falling month to month. Here is a graph from zip code 33629:

 

 

The absorbtion rate is the number homes that sell per month. From March of 2008 to August 2009, the rate has gone up over 2%. At the same time the inentory is down by over 100 units. This means that the Inventory is down to a 13 month supply. 

While the market is far from healthy, it appears that the trend in many South Tampa Real estate markets is in the right direction.

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Florida Hillsborough County Tampa South Tampa
Tags:
inventory
absorbtion rate
tampa real estate
south tampa
healthier market

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