Buyers’ Market is Fading Away

Suburban Homes Creative Commons License photo credit: LancerEI know most people think it’s a buyer’s market, but the market in Tampa is changing again.  Houses under $150k are moving quickly.  Homes over $400k are even moving if they are priced right for the number of square feet.
I have an appointment to show houses on Monday to some great buyers in the $400k price range and 3 out of 5 of the homes they selected had contracts written on them in the last 2 days!
A bank REO listing I got last month for $103K got 12 contracts on it in 3 days.  I scheduled an open house for it 2 days after I listed it and buyers were waiting for me to get there.  I haven’t seen that for 3 years.
If you are thinking about buying your first house and are still waiting to start looking, you may miss the boat.  The closer we get to the November 30th cut off date for the $8,000 tax credit, the less affordable inventory that will be available.

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