When everything was going your way and it all seemed so good it made you scared, right? Looking at the South Tampa Real Estate stats for March, that’s what you should be feeling now. It’s all going our way. Every stat is positive. Last month I declared us to be in a “Sustained Recovery”, but the March numbers exceed that description.
The number of transactions is up by 40% over last March in spite of a reduced inventory with less selection. Buyers who have been on the sidelines are jumping into the market to take advantage of prices that are still bargains.
The Average Price Per Square Foot is up. Way up. If you have read this report before, you know that this is my favorite indicator of real value. The Median Sales Price is up, indicating fewer distressed sales. The Average Sales Price exceeds the Twelve Month Average. The Median Sales Price exceeds the Twelve Month Average. So, ..the number of sales is up, and the prices are up. Hasn’t that been our definition of recovery all along?
By Bruce Tigert, Bayshore Title-
P.S. Our inventory has become so low, that if you’ve been considering selling your home, now would be the time to do so. Contact us to see what your home is worth.