Tampa Bay Home Prices Had Biggest Increase In 6 Years

Tampa Bay Home Prices Had Biggest Increase In 6 Years

According to this article in the Tampa Bay Times, the shortage of housing inventory in the Tampa Bay and Pinellas County housing markets kept real estate sales prices booming in 2016. 

With 2017 kicking off in a similar inventory crisis, homes are selling fast! Potential home buyers are chomping at the bit for new real estate listings each week and with rents continuing to increase, buying a home, even at the higher prices we've been seeing, still makes more sense for many people trying to settle down in the Tampa Bay area. 

Luckily for home buyers, interest rates continue to remain at historical lows, off-setting the higher sales prices in most cases. For example, according to this article, it still makes sense for most people to choose buying a home over renting a home, since  “in 90 percent of the communities in the Tampa Bay area, rent prices are higher than the equivalent mortgage prices.”

Not sure if buying a home makes sense? Consider the monthly rent you're paying now and then plug in some hypothetical numbers into this handy Mortgage Calculator.

If you're considering selling your home, feel free to request an instant desktop home valuation from this link on our real estate website to see an instant home value and local market comps. 

Lastly, if you're thinking of buying a home, or want to sell your home fast (for top dollar of course!) be sure to call us at Sandy Hartmann & Associates so we can get you started! There are no stupid questions in real estate and we are here to answer them all! You can text or call us at 727-400-3315, use our live chat on our website or just email us at [email protected] 

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Andrea Hartmann Headshot
Author:
Phone: 727-324-8183
Dated: March 8th 2017
Views: 255
About Andrea: Andrea is the Managing Partner of Sandy Hartmann & Associates. She is a licensed Realtor with over 1...

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