South Tampa Real Estate Report

South Tampa Real Estate Market Report |October 10, 2018 - October 16, 2018

The South Tampa market entered Q4 of 2018 as a split market. For homes priced less than $1M, South Tampa remains a seller's market with only 3 months of inventory available as of Sept. 30. In contrast, the South Tampa luxury market (>$1M) has shifted to a buyer's market with 9 months of inventory available on Sept. 30. It appears that rising interest rates are here to stay for a while. Last week, the 30 year fixed rate hit its highest level since April 14, 2011...a significant date in history as it also happened to be my 40th birthday:o)  Have a great week! 

Sincerely,

 Michael Palermo

Michael Palermo

 
 
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