Tampa Real Estate Market Update – June 2015 http://www.tampatodayrealestate.com/blog/June-2015-Tampa-Market-Report/4121500 http://www.TampaTodayRealEstate.com - Find out if now is the perfect time for you to sell or buy your Tampa FL home! This Tampa real estate market report for the month of June will help you understand the latest real estate trend. If you want to know what is happening in your particular Tampa FL area, get in touch with us, we would be happy to bring you up to speed. You can reach us by calling/texting Mary G Diaz at 813-245-9677

1. Tampa Real Estate
Market Update – June
2015

2. The overall real estate market
in the Tampa area during June
2015 was the best since the
bottom of the market in 2011.

3. Some of the highlights were:
Number of single family homes sold: 2,386
Total number of homes for sale: 5,797
Properties under contract but not yet closed: 4,522
The median sales price was: $205,175
Homes sold for an average of 95% of Listing price
On average a home took 65 days to sell

4. The overall Greater Tampa area market
absorption rate for June was 2.43 which
signifies a very strong Sellers’ Market,
which means that if no new homes came to
market they would sell in about two and
one half months.

5. Sellers currently have the upper
hand, and well-priced homes are
selling fast, with multiple offers
for those in excellent locations
and have been maintained.

6. On contributing factor is a relatively
low level of home inventory, although
Active Listings have improved
somewhat current level are hardly
keeping up with demand (see chart
below).

8. The current levels of very
low interest rates are also
helping home affordability.

9. One very good news is home
prices keep improving, and in
June hit the highest level since the
real estate recovery began (as
seen in the chart below)

11. To recap: the real estate market in the
Tampa area remains strong and in an
upward trend and as long as interest
rates remain subdued the trend should
continue, barring any unforeseen
surprises.

12. Reminder - this report is based on
overall market activity. Every
house is different and every
neighborhood in different, and can
and often will behave as such.

13. For more detail information about your house
and neighborhood, give us a call. You can
reach us by calling/texting Mary at 813-
245-9677 or via email at
Mary@TampaTodayRealEstate.com. We
would be glad to help you.