Tampa Bay Forecast Calls For Blizzard Of Home Buyers

Dated: November 17 2020

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Tampa Bay Forecast Calls for Blizzard of Home Buyers

Tampa Bay Forecast Calls for Blizzard of Home Buyers


In the second half of this year, the Tampa Bay housing market surged with homebuyer activity. The Sandy Hartmann Group is looking ahead to the winter season, and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes:

“It will be one of the best winter sales years ever.”

The typical holiday slowdown in the Tampa Bay housing market is simply not on the radar. Here’s why.

While today’s historically low mortgage rates are expected to remain low, they won’t be this low for much longer. This could be the last chance for homebuyers to secure such low mortgage interest rates, and they’re ready to take action. In a recent articleBankrate explained:

“If you’re looking to buy a home…expect mortgage rates to remain low into 2021. However, the possibility of rates falling to 2.5 percent or lower has faded as the U.S. economy has rebounded.”

As long as we continue to see low mortgage interest rates, we’ll see hopeful buyers on the hunt for their dream homes. Yun confirmed:

“The demand for home buying remains super strong…And we're still likely to end the year with more homes sold overall in 2020 than in 2019…With persistent low mortgage rates and some degree of a continuing jobs recovery, more contract signings are expected in the near future.”

The challenge, however, is the lack of homes available for sale in our housing market. With that in mind, all eyes are on Pinellas County and Tampa Bay homeowners to see if they’ll sell this winter or wait until spring. Danielle Hale, Chief Economist for realtor.comsays it’s best for sellers to capitalize on this moment sooner rather than later:

“We currently see buyers sticking around in the housing market much later than we usually do this fall. If that trend continues, we will see more buyers in the market this winter, too. So, this winter is likely to be a good time to sell.”

With buyers ready to stay active this winter, sellers who want to close a home sale on the best possible terms shouldn’t wait until spring to put their homes on the market.

Bottom Line

Experts agree the Tampa Bay winter housing market could potentially be bigger than ever. Whether you’re ready to buy or sell, let’s connect today so we can help you achieve your real estate goals! 


Click Here to Get an Instant Home Value Estimate! 


The Sandy Hartmann Group

Let's Get You Home  (727) 400- 3315

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Abbie Sasser

Abbie is a Licensed Realtor with 10+ years of industry experience in our local real estate market. With her background of sales, marketing and business development in the title insurance industry, she....

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