SI Real Estate Tampa and The Beaches

Continued signs of a market that is in recovery are being brought into light more and more nationally and locally. A recent study conducted by the National Association of Realtors showed improvement in 74 out of 146 areas as it relates to median sales price. The best performing district was in Cape Coral Florida, which is not too far from the Tampa, St. Petersburg, and Clearwater tri-city area. The Gulf Coast of Florida was amid the top performing markets in the U.S. The last quarter of 2011 showed 29 areas that displayed signs of improvement, so the year has started better than the last ended. The same report showed that at the conclusion of the first quarter, 2.37 million previously owned homes were for sale, which is down 22% from last year. Real Estate inventory in many cities is dwindling. No longer are offers to purchase being accepted just because they were exactly at the listed price. “Highest and best offer” is a term that sellers may find themselves using more and more