Friday, July 23, 2010

Real Estate Statistics Greater Tampa Bay

June 2010 real estate statistics compiled by the Greater Tampa Association of Realtors are in... The news is positive for our local real estate market in Tampa, FL. The number of properties that sold in June 2010 was at a phenomenal level of 2,069 – the best month for sales since December of 2006, the very peak of our market.

The statistics provided by the Greater Tampa Association of Realtors also showed the current inventory is at a multi-year low of only 13,514 homes, which translates to 6.5 months of inventory remaining.

One of the factors influencing this was the number of home buyers who wished to purchase homes in time to earn the First-Time Home Buyers Tax Credit and the Move-Up/Repeat Home Buyers Tax Credit. These federal stimulus plans had an amazingly positive effect on the real estate market in Tampa, Florida. Other areas across the nation have witnessed similar encouraging trends.

So, what does this mean to those who wish to buy or sell right now? Now remains the time to buy or sell! The market is active. Buyers are buying, sellers are selling, and investors are investing in real estate -- property inventory is moving on all fronts.

Realtors at SI Real Estate are engaged in an dynamic real estate market and transactions are being made. Many times properties are receiving multiple offers on them, especially if priced correctly. Whether you are someone who wishes to purchase a home, or sell your real estate, now is the time! Don’t get left behind!!!

Call us today @ 813.631.5144, or e-mail us at YourHome@SIRealEstateInvestments.com to find out how you too can make the best of this real estate market.

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