As we take a look at mid-year sales trends and statistics, we are able to get some idea of how the remainder of 2010 will trend in Tampa real estate.  Our market research shows that several signs of change will be impactful as we continue through the rest of the year.

The average days on the market for homes has fallen by at least 30 days from its high of 210.  Now at approximately 170, this pace is reflective of a consistent drop in availability in the inventory of Tampa homes for sale.

The market flourished in the first quarter, with sales supported by incentives for first-time home buyers and a large inventory of short sale homes.  As these properties are purged from the inventory of homes in Tampa, and a more consistent and seasonal trend takes hold, buyers and sellers will find a more even balance though the rest of the year.

The inventory of Tampa luxury homes has been affected by the improvement of sales above $1,000,000, which has risen by 15% over 2009.  We are pleased to see that the strengthening of the market is providing the opportunity for sound decisions for Tampa homes for sale.

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