Tampa Housing Market Still Going South
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting Suncoast Scribe!
It’s not a good time to have a house on the market in the Tampa Bay area. I get itchy every single time I think about how long my house might sit unsold. If it were not for my recent divorce, I surely would not go anywhere near the housing market right now, not even to buy.
As of last month, the median home price in the area fell 14%. Homes sales fell 32%. Both of these are as compared to the same period last year.
Although other areas in the country are seeing a slow up rise in their housing markets, the situation in the Tamp Bay area is not projected to have a rebound until sometime in 2009. Yikes.
This is the worst things have been since 1982.
It’s a bad time to sell, for obvious reasons. And, although some people say now is the time to buy, things are only going to get more dire so the really great deals are actually further down the road.
No comments yet.