Tampa Bay Area Market Report for Sept. 24, 2012

Hillsborough County Market Trend for September 24, 2012

• Current trend again indicates a decrease in total active listing inventory in Hillsborough County with pending sales and sold listings continuing to increase.
• Days on the Market for pending sales increased slightly to previous weeks level.
• Total number of Short Sales decreased by 1% while Traditional Sales increased by 1%.

 Trends still indicate a need for additional inventory and show continued demand for homes in Hillsborough County.

Sellers: Less Competition and home may sell more quickly.

Buyers: Less selection available which could result in competing offers for the same home.

 

 

 

Pasco County Market Trend for September 24, 2012

 

• Current trend indicates a decrease in total active listing inventory in Pasco County with pending sales effectively remaining unchanged.
• Sold listings decreased slightly. Days on the Market for pending sales decreased slightly.
• Distribution of Sale Types remained unchanged.

Trends may indicate the start of a change in inventory levels as Active listings and Days on Market decreased in Pasco County.

Sellers: Competition is still high and home may sell more slowly, but improvement may be on the way.

Buyers: More selection available which could result in opportunities for better sales price.

 

Pinellas County Market Trend for September 24, 2012

 

• Current trend indicates an increase in total active listing inventory in Pinellas County with pending sales decreasing, and sold listings increasing accordingly.
• Days on the Market for pending sales and sold listings decreased slightly.
• Distribution of Sale Types remained unchanged.

Trends still indicate a need for additional inventory and show continued demand for homes in Pinellas County as changes in inventory are not statistically significant.

Sellers: Less Competition and home may sell more quickly.

Buyers: Less selection available which could result in competing offers for the same home.