Supply of homes down to 4.6 month supply as opposed to 7.4 month supply one year ago!

The three major realtor associations within the Tampa market have reported their July results and the data continues to show a positive trend. Metrostudy tracks GTAR (Greater Tampa Area Realtors), PRO (Pinellas Realtor Organization) and WPBOR (West Pasco Board of Realtors) on a monthly basis through My Florida Regional MLS. For the first seven months of 2012, combined sales totaled 25,994 units. This was a 3.3% increase in demand over the first seven months of 2011’s pace of 25,116 sales.

The other significant variable in home prices is the amount of inventory listed for sale. As of July 2012, the combined listings of GTAR, PRO and WPBOR totaled 17,371 units. This represented a 4.6 month supply. By comparison, there were 26,387 listings or a 7.4 month supply in July 2011.  Thanks to Metro Study Report.  Read more . . . http://www.metrostudyreport.com/category/tampa-market