Tampa Housing Market Report For March 2017 – Tampa Real Estate News

Tampa Housing Market Report For March 2017 – Tampa Real Estate News


hi everyone this is your real estate expert Lance Mohr and I want to go over the market report statistics for March of 2017 and before I do I want to just talk a little bit about how important statistics are how important this market information is because there’s a lot of first-time home buyers out there and there’s a lot of brand new real estate agents out there and a lot of not only the public but even the reorders don’t really understand what’s going on in the market and either way whether you’re a buyer or a seller that could end up costing you money it’s sort of like if you’re going to give your money your retirement money to a financial planner wouldn’t you want them to have a really good grasp of what’s going on in the market in the financial sector so I would advise everybody who’s looking at hiring a real estate agent whether or they’re looking at buying a house or selling a house to get someone who really understands and knows what’s going on in the real estate market now with that said I do owe everybody an apology because last month was the first month I did not put out the housing market report I actually did it but then I accidentally typed over the information because I forgot to change the month up top so I apologize and it’s too late now because this is actually raw data coming directly from our mls and I have to pull it up on certain dates so let’s just jump forward and March is always just a blistering hot mud it’s predominantly i would say march july and august or probably the three hottest months of the year when it comes to real estate sales a lot of that is because a lot of people who are looking to get into a home for summer you know before the school starts again are going to new homes so it’s not only the pre-owned market but also the new market and everybody pretty much stops starts getting off the fence March and you can see if you look up here under active listings right here you can see there’s only a difference in ten more listing to null Hillsborough County houses but if you look down here on pending you could see a dramatic jump from twenty 512 in January to 30 243 end-march now obviously februari january is generally pretty slow februari starts to pick up but march is really hot and look at this sold I mean this is unbelievable 1823 sold last month let’s go back and let me just show you on last March just to give you an idea what’s going on so you can’t really see it let me move over so here we are March of 2016 so it’s again very very hot very busy March last year as well as you can see it’s just a really busy time of the year really busy month one of the hottest out there and even look at the supply an inventory level at 2.27 months of inventory if you go over to the individual statistics look at this one hundred to two hundred thousand dollars i mean the markets just depleted 1.2 of inventory so that I mean it’s just it’s staggering and I know people are having a really hard time I’ve even seen people I’ve how to listings half million dollar listings get multiple offers four hundred thousand dollar homes get multiple offers there’s just not a lot of homes out there which is why a lot of people are starting to go to the new construction because they’re really getting sick of looking at home at 300,000 or 400,000 and having multiple bits or when you go out and look at a new home if you like the home and you write the contract you’re buying it you’re not dealing with multiple offers etc and I’ll put a video to a really good instruction you know video I have that will go over how to save money basically explained everything from A to Z but if you have any questions at all about the real estate market and what’s going on in the Tampa Bay area please don’t hesitate to give me a call I’d love to help you out and I wish you the best of luck in buying a home and or selling your home have a wonderful day you

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