Lower Inventory Means Higher Home Prices!

With inventory being as low as it is, comparable to 2005 levels, the price point for average sale's price is moving higher.  Multiple offers are causing foreclosures and short sales to not be as good a deal as they once were, because of increased bids.   Closing cost assistance is drying up and low ball offers are just declined and not countered.   Click on photo to enlarge.

Tampa Bay Housing Inventory Down!

We've been telling you for months that the housing inventory has been declining!  We are seeing multiple offers on all properties that are priced appropriately in the market, including foreclosures, short sales
and there are folks who are "settling" for properties because the perfect ones are not available.

Click on the link below to see the complete article:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=2&id=277097