Good news, homeowners!
Have you been holding off putting your house on the market, because you think it either 1) will take forever to sell, or 2) you don’t want to sell when the market is so low?
Well, according to a recent report in the Tampa Bay Times, home sales “…skyrocketed in March to levels not seen in nearly five years.”
You can read the full report here: Tampa Bay homes sales surge to level not seen in five years
Further good news is that the housing inventory is approximately at a six-month supply, which is considered to be an important indicator of a healthy real estate market. (Housing inventory simply means if you took the total of all houses on the market today, how long would it take to get them all sold, assuming no new houses were listed during that time.)
Even though there are still many bank-owned and short-sale offerings out there, these statistics are still a strong indicator of an improving market. And as the demand increases there will be fewer distressed homes listed, with more buyers out there looking for their perfect new home. The increasing cost of rentals is also good news for home sellers…in many instances it is cheaper to buy than rent!
If you’re ready to list, give me a call at 727.286.1249 for a free market analysis.Google+