March 2019 Tampa Market Breakdown
March 2019 Market Breakdown
Year Over Year
Number of homes on the market
Year Over Year
2.7 Months of Inventory
Year Over Year
Sale to List Price
Average sale price
Average days to contract
Up 21% Year over Year
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?
Now, we are beginning to see the market pick up again. 🔥
This could be due to many factors; the healthy economy, the expected growth in Tampa, plus the low interest rates!
The Feds announced that they would not raise the interest rates in 2019, we don't know what will happen in 2020.
We are beginning to see an increase in the number of homes on the market. Which means you will have more homes to choose from. While interest rates are steady, home prices are still "slightly" increasing. Definitely not at the rate they have been. Which means you probably won't have to worry too much about prices getting too high. They may however still have an upward trend for a little bit before they flatten.
What does this mean for you?
Are you feeling like your current home or apartment is becoming small? Is your family growing? Are you at a new stage in your life? Is your home old and outdated?
Maybe you are expected a kid. Maybe you are about to get married. Maybe you are getting tired of paying your landlord's mortgage.
Or maybe you are just ready to upgrade and take that next step in your life.
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?
If you are in the market for a home in 2019 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.
Do you have to sell your home? The best time to list your home.
The summer and specifically April and May are the 🔥hottest months to sell your home. (pun intended) This is based on views, competition and time to sell.
Here's the data for Tampa.
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.
Average # of homes buyers looked at before purchasing
Average time spent searching for homes
Said their first step was searching for properties online
Said finding the right property was the hardest step
Are you looking? Let us help you.
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