According to the Tampa Bay Times, home prices continued to soar in February. Driven by a number of factors, low inventory, low interest rates and of course the influx of people relocating to the Tampa Bay area for its mild weather and record days of sunshine all contribute to the higher housing prices. Bay area home prices were up 16.1%, according to the article, from February 2015 to Feb 2016. Pinellas County posted the largest gains, coming in at a whopping 21.6% higher from Feb 2015 to Feb 2016! Due to the low inventory situation, the number of home sales increased just 3.2%.
To see the full article in the Tampa Bay TImes, CLICK HERE.
To see a current list of homes for sale in PInellas County, CLICK HERE.
Looking for a deal or possibly a motivated seller in this market? We've got that covered too! CLICK HERE to see a list of the most recent price reductions around Pinellas County.
Have questions? Contact us any time- we'd love to help you sell your home or find your future dream home!
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