Tampa Bay Real Estate Inventory Tightens

If you are looking for property in the Tampa Bay area, be aware that availability has decreased significantly over the past year.


For example last year there were over 15,956 available homes in the Multiple Listing Service (MLS) where as currently 6,741. The funny part about this is that the news does not seem to have caught on that the trend in pricing and available properties is changing.

In today's market, they key goes back to the old adage--Location, Location, Location! Homes that are in good condition and reflect today's discounted market pricing are selling. What many buyers are finding is that those Short Sales and Foreclosure which are highly sought after have the most competition so moving quickly really matters.

If you look in South Tampa at inventory, you see that good homes priced well move fast, while homes that have deficiencies sit on the market. Buyers are swooping in and picking out the gems particularly when it comes to waterfront and "good neighborhoods".

While we still hear about the gloom and doom of the shadow inventory, national debt and upside down mortgage; smart investors are snapping up deals.

Steve Armstrong, Realtor GRI Smith & Associates Real Estate http://www.UniqueTampaHomes.com