Supply of Residential housing in the Tampa Bay Metro is up 214% compared to 2021 but down 20.7% from pre-pandemic levels in 2019. Supply rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren’t keeping up with the rate at which homes are going off-market. Bottom line, we are still in a sellers’ market.
Source: Florida Realtors Organization
Coming Soon Ocean Sands Madeira Beach
This stunning southwest corner unit offers plenty of natural light and breathtaking views of the beach and Gulf of Mexico.
Two Bedrooms
Two Full Baths 1,225 Square Feet Impact Rated Sliders & Windows Inside Laundry Granite/Quartz Counter Tops Assigned Garage Parking SW Corner Unit
$1,295,000
Mortgage Rates Increase Slightly
Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their way back to the market just in time for the spring homebuying season.
