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The Greater Tampa real estate market saw a minor reversal in the relative supply of homes for the month of June 2011. Relative supply is measured in terms of months of supply when measured against the current rate of demand.
The following real estate supply and demand graph shows that the Tampa MLS currently has just under 8 months of supply, which is still a buyer’s market. Most real estate professionals identify a balanced market (a market at equilibrium) when the relative supply of homes for sale falls between 5 and 6 months.
In the real estate graph above, the one-year trend of home sales is shown in green, the current supply of homes for sale is shown in red, and the resulting relative supply is shown in purple and measured on the right vertical axis. In June, home sales dipped slightly, while supply rose, thus resulting in the increase of the relative supply of homes. Hopefully, the more recent trend of falling supply will continue and move the market to equilibrium. Stay tuned for future reports on the Tampa real estate market.
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Come see some impressive Hannah Bartoletta homes in Harbor Links of Westchase. Westchase is a masterplanned community in the northwestern section of Tampa. Westchase is conveniently located less than 15 minutes from Tampa International Airport. Westchase is easy to access via Veteran's Expressway, Linebaugh or Race Track Road. Westchase is just 20 minutes from Downtown Tampa and 30 minutes to MacDill and just minutes to the Pinellas border. Westchase is also a quick commute to Tampa International Airport, Raymond James Stadium, The Ice Palace, Lowry Park Zoo, Busch Gardens, The Florida Aquarium, and Tampa's Performing Arts Center. It is also minutes from a number of golf courses, as well as Tampa BayDowns, and the Seminole Hard Rock Casino. Nearby schools are Deerpark Elementary, Farnell Middle and Alonso.
To look for homes on MLX in the Tampa Bay and Pinellas area go to my website by clicking on Tampa Homes.
The contents of this posting are the property of Pam Joffe and Solaris Realty of TampaBay. Pam Joffe is a broker working in the Pinellas and Hillsborough area helping buyers and sellers buy and sell homes. Contact Pam at 813-245-0316 to list your property for sale or to purchase a property in Hillsborough, Pinellas or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Valrico, Odessa and other communities in the Tampa area. For more information on different communities and subdivisions go to my website by clicking on Tampa Homes. You can also call 813-245-0316.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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