In this month’s National Housing Report, we will go over what the numbers mean to you. Although home price increases seem to be declining, this market can certainly still feel crazy in metro areas with high demand. However, many metro areas are seeing double digit increases in median housing prices over a year ago, including Cleveland, Tampa, Boise, Miami, Orlando and Nashville. And metro areas like Denver, San Francisco, Seattle and Portland continue to have a low-supply of homes available for sale.
March National Housing Report
Exactly what it means for buyers: Home prices seem to be moderating overall with declines in month-over-month Median Sales Price increases seen in six of the last 12 months. An increasingly balanced market can often mean less frenzy in the process of buying a home, but working with an experienced agent Like Nick & Cindy Davis with RE/MAX Premier Group will provide you with a significantly easier time navigating the unique conditions of the Tampa Bay and Surrounding areas.What it means for sellers: The common amount of home sales was 4.8% higher in February when compared to a year ago, which could mean more prospective buyers are out there for your house. The Median Sales Price of all homes sold in February was also up 5.9% annually, reaching $198,000. What exactly is your home currently worth in today’s market? Contact Nick & Cindy Davis at 813-300-7116 or simply click here and we will be in touch with you to see if you have the potential for selling for a profit.Discover more about the real estate market in February using the info-graphic below:
