South Tampa Real Estate Report

South Tampa Real Estate Market Report | May 16, 2018 - May 22, 2018

The S. Tampa housing market should be interesting to watch over the next few months.  While some areas of the country are still experiencing a spring market (and spring-like weather), we've settled into the hot, humid days of summer and a majority of folks are focusing on things other than housing...like graduations and summer vacations. This change in "state of mind" is evident in the number of listings that came to market last week (70) vs. an average of  81.5 over the previous six weeks.  Combine that summertime trend with an already low inventory and an increase in long-term interest rates (the average 30-yr fixed rate hit a 7-year high of 4.61% on May 17) and I'll bet I'm going to have plenty of stats and commentary to keep you informed through the dog days of summer. 

Have a great week!

Sincerely,

 Michael Palermo

Michael Palermo

 
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2018 Data

South Tampa Market | Single-Family Homes


average Sale price

Average days on market

average Sale $/SF

Total # listings


South Tampa Market | Condos


average Sale Price

average days on market

average Sale $/SF

Total # listings


South Tampa Market | Townhomes


average sale price

average days on market

average sale $/sf

total # listings


South Tampa Luxury Market | Single-Family Homes


average sale price

average days on market

Average sale $/sf

total # listings