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The Truth About Florida's Housing Market | Home Prices, Inventory & Demand

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everyone knows that the housing market was  on fire for the last two years but what  

am i seeing now on the ground  level in the tampa housing market  

hey everybody Melanie Atkinson here Realtor  with Smith & Associates in beautiful Tampa Bay  

florida does anybody else feel like the housing  market is giving us mixed signals it was all hot  

and heavy with us for two years and now i kind  of feel like we're being ghosted and when you're  

getting mixed signals it is easy to look at the  best and the worst case scenarios both of which  

i can argue with the housing market but just like  with relationships the truth is probably somewhere  

in the middle sure that giddy excitement is  wearing off but that just gives us an opportunity  

to enjoy a more balanced and healthy market so  let's take all the hype and the buzzwords out  

of the conversation and just talk about what's  really happening in the tampa bay housing market  

the average house price in the tampa bay area  in the last two years has increased by over 30  

percent nobody thought that we were going to be  able to continuously sustain that level of price  

increases we had off the chart buyer demand in  less than one month of inventory to sell them  

so as that pace has slowed down over the last  couple months people start feeling a panic  

because of the slower market we were sprinting at  a 10 and someone just turned down the treadmill  

we aren't struggling as much to keep up and having  better footing feels like concrete shoes right  

now instead of better balance buyers sellers and  real estate agents will get used to this new pace  

and realize that the slower pace is actually  better for everyone starting around mid-summer in  

the tampa bay area we saw inventory lasting longer  on the market inventory was finally trending up  

price decreases started happening because the  prices on a lot of homes were just too high for  

the quality of home that was being offered buyers  were able to negotiate again however well-prepared  


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