The Tampa Bay housing market remained strong in July 2023, with prices continuing to rise. Here are some of the most notable home sales that took place in the area:
- A 5,800 square foot waterfront home in Davis Islands sold for $6.5 million www.flapropertyfinder.com.
- A 4,000 square foot home in Hyde Park sold for $3.2 million en.wikipedia.org.
- A 3,500 square foot bungalow in Seminole Heights sold for $1.8 million link to www.thetamparealestateinsider.com.
- A 2,500 square foot condo in downtown Tampa sold for $1.5 million link to www.bizjournals.com.
- A 1,800 square foot fixer-upper in Ybor City sold for $500,000 link to www.redfin.com.
These are just a few examples of the many notable home sales that took place in Tampa Bay in July 2023. The median home price in the area was $380,000, up 1.9% from June. The number of homes sold decreased by 7.8% from June. The average number of days a home was on the market was 49 days, up from 44 days in June. The percentage of homes sold over the asking price was 57%, up from 53% in June.
These trends suggest that the Tampa Bay housing market is still a seller’s market, but that there may be some signs of cooling. If you are planning to buy a home in the area, it is important to be prepared to act quickly and make an offer that is competitive.
Here are some tips for buying a home in a seller’s market:
- Get pre-approved for a mortgage before you start looking at homes. This will show sellers that you are a serious buyer.
- Be prepared to act quickly when you find a home you like. Make an offer as soon as possible and be willing to go over the asking price.
- Be flexible with your buying timeline. If you can, be prepared to buy a home that needs some work.
- Consider working with a real estate agent who specializes in seller’s markets. They will be able to help you find the right home and negotiate the best price.