Market Review of Tampa, FL9/10/2020
The Tampa market is still hot! In the month of August 2020, 1231 homes closed. This was lesser than homes closed last month and last year around the same timeframe. The homes closed valued over $446 million in the month of Aug 2020 and home inventory is still running at a 1-month inventory. The average sold price of a home in the Tampa market is around $363,703 which is higher than last year but lower than last month. Even though mortgage companies are busy with refinancing due to low interest rates, they are not lacking in closing the homes within 45 days.