Tampa Housing Market Update: July 2018
Posted by Mike + Michelle Grizzell on
Good news for anyone still looking to buy in Tampa—price increases last month were among the smallest we’ve seen in about a year, according to new statistics recently released by Florida Realtors®.
Along with that, single-family home sales also declined year-over-year by 1.2% as many would-be buyers are being being priced out of what they want, or are perhaps waiting until inventory gets a little stronger heading into fall.
The Chief Economist at the National Association of Realtors also contributed the slow month to a slight increase in mortgage rates earlier in the year as well.
Even with the rate of price increases slowing, however, single-family homes in Hillsborough County still jumped 6.4 percent to $216,000 compared to July 2017, while Pinellas…
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