Good news for one is sometimes bad news for another. The good news is we (Tampa Bay) is not in the “Top 10 markets for rising list prices”. Of course the good news is really for buyers and people relocating to Tampa Bay and not for sellers unfortunately. Sellers have been waiting patiently for prices to go back up and we believe that will take time but keep in mind that supply and demand always wins.
With the turn of the new year we have seen the market change in terms of buyers buying more than they have in the past few years. Many of our listings are being put to pending contract status within 1 or 2 days of being on the market. Also, the number of new listings coming on the market has decreased over the last 6 to 8 months. Will prices ever start to increase here in Tampa Bay? Our guess is yes but at a slower pace as other areas around the country and this is the good news for buyers. Thinking of relocating to Tampa Bay? Now is the time! Call us at 888-423-5775 or visit our website at www.lipplyrealestate.com
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