Just the Facts – Tampa Bay Real Estate Market Statistics
Cash buyers are grabbing deals at rock bottom prices in the Tampa Bay real estate market. According to the market statistics provided by the Greater Tampa Association of REALTORS® ( GTAR ), in April of this year 38% of all financing was cash. This is more than a 10% increase from April of 2008. Cash financing increased from 285 transactions in April of last year to 508 this year. FHA and VA financing has also seen an increased from last year, although not as drastic. Conventional financing has decreased from 555 transactions to 394, signifying that a majority of real estate transactions being made in the Tampa Bay area this year are by cash buyers. According to the same report from GTAR, homes sales have increased from 897 in April of last year to 992 in April of this year, with more than 3,424 total homes being sold to date in 2009. Market activity is definitely moving quickly in Tampa, Florida.