If you haven’t been paying attention to Tampa’s once declining real estate market you may be surprised to know how things have changed since last year.
Recently, Realtor.com released a list of metro markets with the lowest median age of homes currently listed. As you’ll see, the Tampa, St. Petersburg market is ranked as number two in the entire U.S. for lowest days on market, at 43 days. This is down 61.95% from just one year ago. See homes for sale in Tampa Bay here
Meanwhile, Aol Real Estate reported the Naples real estate market has one of the slowest-moving markets with the highest median age of inventory, 153 days — a 5.5 percent rise from July 2010.
What does this mean? Investors, retires and first time homebuyers are swooping in to purchase the deals of a lifetime.
Have you seen a change in the market? If so, we’d love to hear your thoughts.
Thinking about selling? Find out what your home is worth in today’s market.