Tampa Bay Summer Real Estate Predictions

Duncan Duo Tampa Real Estate Video Blog

Here’s what we expect to see this summer in the Tampa Bay housing market.

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Everyone thought that the Tampa market was only going to get worse due to everything happening with COVID-19. Granted, there hasn’t been as much inventory for buyers to choose from, but there have been plenty of buyers out looking because interest rates have dropped so low.
In short, the pandemic helped generate pent-up demand, and now it seems like all those sellers who previously withdrew from the market are coming back in droves to put their homes up for sale.
On top of that, as the country starts to reopen, there’s the fact that many people who have spent way more time at home than they ever planned to have decided that they want to move to the suburbs and other, less-crowded areas. People were already flocking from New York to Florida before the pandemic, but that’s a trend that we expect to continue as we move through the summer.

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All in all, ours is still a robust market, and we anticipate it to remain that way for quite some time.

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If you’re a homeowner who plans to sell this year, know that you’re in a great position to fetch a premium price for your property simply because there isn’t a lot of inventory from which to choose. Even if more sellers started putting their homes on the market, it would still take a while for the inventory to catch up to the demand.

All in all, ours is still a robust market, and we anticipate it to remain that way for quite some time. Homes are selling quickly (many with multiple offers), interest rates are low, and demand is high.
If you have any questions, don’t hesitate to reach out to us. In the meantime, be sure to catch “The Duncan Duo Real Estate Show” every Sunday morning at 10 a.m. on 970 AM WFLA. Hope to hear from you soon!