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June 2019 Tampa Real Estate Market Breakdown

Andrew Bayon
Jul 31 4 minutes read

June 2019 Tampa Real Estate Market Breakdown 

Tampa Real Estate Market Important Numbers for June 2019

1.6%

Year Over Year

4560 - Number of homes on the market

-3.6% 

Year Over Year

2.7 - Months of Inventory

-8.1%

Year Over Year

New Listings

 

+3.2%

Year Over Year

Closed Sales

97.8%

Sale to List Price

25

Average days to contract

Chairman Jerome Powell insists that the economy is “strong” and that the outlook remains “favorable,” with an unemployment rate near the lowest level since 1969 and inflation below the Fed’s 2 percent objective.

🏡 What do all of these numbers mean?

The Tampa Real Estate market has picked back up from its minor slump at the beginning of the year. Homes are still selling, at a good price & good speed. 

However, one thing to notice is the number of new listings coming on to the market & decreasing months of inventory. Which means there are fewer homes to choose from. 

Meanwhile, on the residential construction side, the number of permits for new homes are up 3.6%. Meaning builders are still building.

This could be due to many factors; the current healthy economy, the expected growth in Tampa, plus the low-interest rates! The Feds just cut rates for the first time since 2018 by 0.25%.


Rates are down under 4% prior to the 0.25% fed cut.

Trying to "time the real estate market"?

Timing the market is nearly impossible, and for most people who are purchasing the house as an owner, not as an investor, timing the market is not as important.

For a homeowner who is planning on purchasing a home to live in, the price is not as important as the interest rate. The price of a home whether it's a $20,000 difference or $100,000 difference is a MUCH smaller impact on what you pay than purchasing at a 4% interest rate vs. a 5% interest rate.

And as you can see the current mortgage rates are low, on top of the Feds cutting them another 0.25% on July 31.

What does the Tampa Real Estate Market mean for you?

Are you feeling like your current home or apartment is too small? Is your family growing? 

Are beginning to run out of space? Do you not have any peace and quiet because everyone feels like they are living on top of each other?

Are you at a new stage in your life? 

Is your home old and outdated?

Maybe you are expecting a kid. Maybe you are about to get married. Maybe you are becoming tired of paying your landlord's mortgage.

Or maybe you are just ready to upgrade and take that next step in your life.

If that sounds like you & you are in the market for a new home in 2019 or 2020 then it is a good year.

That is why we have the Arjen Homes method, in order to simplify the home buying & building process for you. So that you do not get stuck searching for months on end, driving all around town to open houses, checking Zillow every morning and night hoping something new magically pops on the market.

Let's be honest for a second, waiting for the "perfect home" never works for anyone. You either end up choosing the best of your top list or you quit. 

We want to help save you from getting into homebuyer limbo. Where you end up priced out of the market or you lose out on an opportunity. 

Arjen Homes Method


Finding the right home is hard.

Searching for homes is completely overwhelming and so is the pressure to find your dream home.
Don't worry! According to NAR, most homebuyers feel the same way.

10

Average # of homes buyers looked at before purchasing

10 weeks

Average time spent searching for homes

44%

Said their first step was searching for properties online

52%

Said finding the right property was the hardest step

Are you looking? Let us help you.

Curious about your options?

Or... do you have questions? Give us a call 

813-992-9120

Tour a Completed Home

See the quality of home for yourself! Let us show you one of our finished homes. 

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