The Eastside market continues to be a strong Seller’s Market. There simply isn’t enough supply for the buyer demand. Interestingly, in the last few weeks, the single family home market has seen over priced homes not sell in a weekend (which is a lifetime in this market). Time will tell if this was a Spring Break induced lull or if there has been a slight shift. That said, the condo market is continuing to experience rapid appreciation.
Here is a link to the Eastside single family home stats: http://sanditampa.com/eastside-market-stats/ Anything less than 3 months of inventory is a Seller’s Market. We are 1.3 months based on Closed sales and 0.9 months based on Pending sales.
Contact me if you want to discuss your home’s value or if you want to learn strategies for winning multiple offers.