Hi everyone. This is your Tampa Bay Realtor Lance Mohr and in this video
I'm going over the Tampa housing market report for September 2017 and just sort of talk
a little bit about the health of the market and what's going on statistically
so let's start off with the active listings over here as you can see
there's not a big difference and as you know looking through this you don't see
huge movements for a month a month but it did drop a little bit from August to
September in October November December it will go down and down and down just
because we're getting into daylight savings time or getting into the winter
holidays etc we go over here to the pending sales again you'll see quite a
good drop from 29 26 to 25 59 again not too surprising a lot of movement tends
to go on in August while kids are getting back in school and school is
starting it certainly slows down in September
again we'll promptly on pendings see drop-offs in October November and then
December now the shocking one was right here Seoul we went from Seoul's of last
month to 1904 all the way down to 13 79 so a
little over 500 that was a really big drop if I went back to September of last
year between August and September in August of 2016
it was 1768 solds in in September it was 1687 so about a hundred home drop big
difference I'm got to see what's going on not really sure why there's such a
big drop but we could see it rebound and we'll see what happens
next month as you can see the inventory level is still very low just a little
under three so if you want to know the health of the market it's six months of
the inventory so a little under three is is very still very very
but it did go from inventory levels at 2.18 22.97 that's a really big jump in
one month let's go over to the individual price range and just sort of
see where we are here the main thing is you could see from a hundred to two
hundred thousand from two to three three to five and of course over five hundred
thousand so again right here the inventory level and the hundred to two
hundred is one point five five last month it was one point zero nine so
that's a pretty good spike up but it's still very very tight I mean I just
listed a home and it wasn't it was a decent home at best for a hundred and
thirty nine nine we got all kinds of offers above full price it's just you
know because the markets so so tight in this price range we go from two to three
hundred thousand it's two point one nine months of inventory in August if it was
two point zero one so again pretty good jump we have over here from three to
five hundred thousand dollars in September the inventory level now again
this is over and above our well over and above our average sales price of about
two hundred and ten thousand so this is very very low for that price range of
three point six five and over five hundred thousand dollars it's very low
we're looking at three point zero eight that's extremely low inventory in that
price range so not sure what's going on for the people let me just flip over to
August and I'll show you that not really sure what's going on
in this price range it's just the inventory level is just so low that's
very unusual especially with the price of these homes so the markets still
really good no question it's a seller's market it did shift I never really put
too much into one month of shift I put a little bit more into two months worth of
shifting and of course if it shifts three months in a row then we out then
we start to see a trend so we'll see what happens next month it's a little
it's a little odd only because we're going into a much slower time of the
year generally speaking from September to October and then no November's gonna
really slow down and of course December's always the slowest month now
December's always very busy as far as closings because everybody's wanting to
close before the end of the year so I hope this puts things in perspective
it's really good and I want to congratulate everybody who's watching
this video because one of the things I see with home buyers home sellers and
realtor's is just the how uneducated people are on what's really going in the
market gone in the market they just aren't really understanding and a lot of
times if you're not picking a real estate agent that understands you're
probably not going to understand and you're gonna have a much harder time
whether you're buying a home or selling a home so congratulations to everybody
watching this if you have any questions at all please give me a call if you're
in another area outside Tampa Bay and you need help finding a good real estate
agent either looking for a home whether it's pre-owned or new or you're looking
at selling a home please let me know I'd love to help you have a wonderful day
and best of luck to everybody