With just under 8,000 homes for sale in Tampa currently listed in the Tampa MLS, buyers have many choices to review when they go shopping for a home in the higher price ranges. But homes priced below $350K are actually fairly competitive for buyers, while homes above $500K have so much supply that it will take years for the market correction to finish.

The real estate graph below shows recent sales and current listings by price range in the Tampa MLS, through July of 2012.

Note that the market is split, with the low end in a sellers market, and the upper end in a buyers market. This is usually missed when real estate reports only announce the months of supply for the overall market.

Tampa Real Estate Supply And Demand

The red bars measure the number of homes currently on the market in Tampa, while the green bars shows the number of homes sold in Tampa in July 2012. The blue line is the measure of relative supply of homes based upon the past year’s number of homes sold in each price range. Note the yellow shaded area which represents the level each price range needs for equilibrium. Interestingly, homes priced below $250K are in a seller’s market, while price ranges above $500K point are still in a buyer’s market.

Some of the homes between $200K and $350K register at a relative supply level that would be considered “normal” or balanced. All other price ranges are at levels that demonstrate a a market that favors a side. Note how the blue line explodes after $700,000! When we see relative supply exceed 1 year and two years and three years, home sellers in those price ranges need to gain a better understanding of their current home value and what is going on with their competition.

You can stay current on the Tampa housing market by saving this link to Tampa real estate market reports.

 

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Having been born and raised in Tallahassee, I can tell you this is a city of happy residents. We love our canopy roads, our active lifestyle, and our highly regarded parks and recreation areas. We are very proud of our beautiful city, and others have taken notice.

Tallahassee – A Mingling Of Charm And Technology

Named “An All American City” in 1999, Florida’s capital is a dichotomy of aged majestic oaks and a commitment to downtown development and revitalization. Tallahassee is home to Florida State University, Florida A&M University, beautiful Maclay Gardens and so much more. We have Bobby Bowden and Mike Martin, and so many other national treasures. Tallahassee is Florida, but with a southern accent!

The Joy of Living Well In Tallahassee

From art to engineering and high-tech labs to war memorials, the Tallahassee area has an abundance of attractions including one of the world’s deepest freshwater springs, a wildlife habitat, fascinating museums of history and the largest magnet in the world. Sidewalk cafes, gourmet dining and nightlife abound, and the city has many eclectic art districts to visit. The Tallahassee area also boasts America’s largest concentration of original plantations with 300,000 acres and 71 sprawling properties to explore. Over 306 miles of hiking, biking and walking trails in and around Tallahassee provide plenty of action for the outdoor enthusiast along with nearby fishing and hunting adventures and so much more.

While so much of Florida is dedicated to tourism, Tallahassee is often compared to southern Georgia. Rolling hills, spanish moss, and two hundred year old oak trees give visitors a hint that this is no palm tree laden beach, but rather a mecca for those who seek the good things in life.

As you can see, Tallahassee residents have the art of living well down to a science. And you can too! Find everything you could want in a community … in Tallahassee … Florida with a southern accent!

Joe Manausa, MBA is a Leon County native who has helped families buy a home in Tallahassee for more than twenty years, and the Tallahassee Real Estate Website is the top resource for information on Tallahassee real estate.

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Florida Homestead Exemption Filing With The Leon County Property Appraiser

November 16, 2011

The Florida Constitution provides for a $25,000 exemption in assessed value for Florida homeowners. In 2010 the exemption resulted in a savings up to $503 in Leon County. There is an additional $25,000 exemption on Non-School taxes for the valuation between $50,000 and $75,000. According to the Leon County Property Appraiser, this was worth up to $302 in Leon County.

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Great Activities at Golden Eagle Country Club

November 15, 2011

Golden Eagle Country Club has great activities. As Tallahassee’s premier golf course community, this subdivision has been a favorite among families, professionals and retirees. Set in Northeast Tallahassee, this gated community is home to the Golden Eagle Country Club, a private members only golf, tennis, swim and dining club.

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Year Over Year Home Sales Trend In Tampa Florida

Year Over Year Home Sales Up 7% In Tampa

October 23, 2011

BufferFor 9 of the past 10 months, Tampa home sales continue to outshine their performance in 2010. The number of homes selling each month in Tampa has been gaining strength since September 2008, and the September home sales report shows another great month. There were 7.3% more homes sold this year in September than in […]

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Tampa Price Range of Homes

Only High-End Home Sales Slow In Tampa

October 22, 2011

BufferOur in-depth study of the Tampa housing market has led me to pursue a more thorough understanding of “why” the Tampa real estate market appears to be rebounding faster than the rest of the State of Florida. Today’s two real estate graphs shed some light on the two faces of the Tampa real estate market. […]

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Tampa Real Estate Sales Report

Tampa Home Sales Continue Strengthening In September

October 20, 2011

BufferIf you like to see charts to determine trends in the real estate market, then you will appreciate this view of the Tampa real estate market. Charts are used often in many industries and specifically the stock market, but rarely are they used to analyze trends in the real estate market. The following chart shows […]

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Tampa Home Sales And Inventory Report

Tampa Real Estate Inventory Report October 2011

October 17, 2011

BufferWith just under 10,000 homes for sale in Tampa currently listed in the Tampa MLS, buyers have many choices to review when they go shopping for a home in the higher price ranges. But homes priced below $350K are actually fairly competitive for buyers, while homes above $500K have so much supply that it will […]

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Greater Tampa Real Estate Supply And Demand Report October 2011

Tampa Real Estate Supply And Demand October 2011

October 13, 2011

BufferThe Greater Tampa real estate market saw a continued strengthening in the relative supply of homes for the month of September 2011. Relative supply is measured in terms of months of supply when measured against the current rate of demand. The following real estate supply and demand graph shows that the Tampa MLS currently has […]

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Year Over Year Home Sales In Tampa Florida

Year Over Year Home Sales Up 18% In Tampa

September 24, 2011

BufferFor 8 of the past 9 months, Tampa home sales continue to outshine their performance in 2010. The number of homes selling each month in Tampa has been gaining strength since September 2008, and the August home sales report shows another great month. There were 18% more homes sold this year in August than August […]

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