Hi everyone. This is your Tampa Bay Realtor Lance Mohr and in this video
I'm gonna go over the market statistics and reports for the month of August for
Hillsborough County single-family homes now I apologize upfront for my
microphone it's been acting up a little bit so hopefully it's good enough but as
you can see right here starting off with actives you could see the it's down a
little bit it's not too surprising to have August a little bit slower months
than June and July just because schools are going back in and you know people
are getting situated to that but the big surprise is over here in pending sales
now pending sales is really what's going on in the market right now if you look
at May that's the height of 3416 homes that were pending a sale and that's
quite a bit nays always a lot but we've had a three month drop-off it went from
34 16 in May down to 32 39 in June to 3079 in July and 29 26 in August so
we'll have to keep our finger on this and see what happens it's not too
surprising for them to go down in September October November December
because we're going into the winter months and it always slows down but it
is slowed down a little bit right now it looks like you're not really seeing that
over here in the sold homes and the reason is because as I always tell you
sold homes like behind people could have had contracts on new build jobs six
months ago they could erode a contract on a pre-owned home which is
predominantly what you're seeing here there are new homes in here but it's
predominantly pre-owned but they could wrote a contract in June to close in
August or wrote the contract in July to close in August as you can see across
the board the short sales and the bank are are not much of the market on active
it's only 5% of the market and the pending arena it's 13% of the market and
in the sole that 6% I might just combine short sales and bank-owned and just go
with distress sales because it's just getting um it's just not in that
direction anymore you can see we still have a very very low inventory level so
as far as the inventory goes again the pending right here is lower it's gone
down three months in a row but if you look at the inventory level right here
two point one eight months of inventory so again six months is a stable market
we're extremely low inventory and builders are the same way builders
cannot build homes fast enough right now it's just a crazy busy market on
building if you are thinking of building I'll put a video up above you can watch
everything you need to know from building I'm building a new home from A
to C a lot of really good money-saving tips but let's go over to August and
we'll just check out by price range again overall the inventory level is
2.18 when you're under $200,000 it is extremely tough if you go out
there in you're a buyer and you see a home you like if it's a nice home and a
nice area and a nice subdivision you need to write a contract right then
you're probably gonna get in multiple bidding situation with that and even for
two to three hundred thousand dollars extremely tight two months of inventory
all these are really tight they're they're actually absurdly tight for the
market that we're in I mean even right here you look over here two point eight
one months in inventory that's crazy right there so there's this it it's just
the markets really really tight if you are a seller I mean again and I've told
you before you want to make sure you price your home realistically because
still has to appraise in buyers you know they're they're shrewd they're going out
there they're looking they're doing their due diligence and as a buyer if
you like the home you better get ready to pull the trigger
hopefully you're hiring an agent that understands these statistics they should
they're in business doing this if they're not you know give them these
statistics or thank goodness you're looking at them if you have any
questions whatsoever on the Tampa Bay real estate market give me a call I'd
love to help you if you're looking for an agent to represent you
whether it's pre-owned homes new homes or you're selling a home give me a call
I'd love to talk to you as well have a wonderful day I wish you the best of
luck and thank you for watching my videos please leave a comment also if
you like these videos let me know if you like these statistical reports please
leave a comment let me know thank you very much