Hi everyone. This is your Tampa real estate agent Lance Mohr. In this video I
want to go over the Tampa housing market report for January 2018. We'll start off
with actives active listings right here now this is for Hillsborough County
single-family homes so we'll start off in January there were thirty seven
hundred and forty nine homes available and that's up from December of thirty
six seventy five that's sort of normal it will tend to go up a little bit
December's pretty much always the slowest month of the year
January's usually not the busiest month that's for sure but what happened if we
look at the pending sales right here you could see there was a huge jump so it
was nineteen seventy homes that were pending a sale in December and twenty
four forty six in January that's a really big jump and I could tell you
this is the busiest January I've ever had in 20 years anywhere you know it's
it was a very very busy January not just for me I've talked to other agents that
have been pretty busy but moreover a lot of builders builders were very very busy
in January usually what happens in January buyers start thinking about
buying homes but what happened is I were was literally getting calls about buying
homes on January 2nd so that was surprising because usually
people have what I call the holiday hangovers they usually don't start
calling until probably the second week in January and it was soon as ii rolled
around the whole january i was swamped and i know a lot of builders were the
same way and a lot of other realtors so sold you could see the souls dropped off
quite a bit i was a little surprised by the drop off of the souls from december
16 18 down to january of 1099 so let's just call it 1600 to 1100 that's a
pretty big drop now keep in mind in with when it comes to souls most of these
were written in december and I think what happened a lot of people just
really sat on the fence in December and all the sudden that the floodgates just
broke wide open in January is what happened and it's not too surprising
that that happens but generally pending sales don't go up as much as they did
from December to January insoles generally don't go down as much as they
did from December to January now one footnote I'll add on this is there's
also a real lack of homes on the market so that has something to do with it I'm
having with some of the buyers but that I'm working with it's a little bit more
time consuming finding homes because they're just not a lot of them on the
market right now so you could see the inventory level has gone from 3 people
has gone from 2.27 to 3.41 again this will start coming down in
February and in March but it has shot up so but then that's not too surprising it
always it always shoots up in January from December because we're basing the
inventory level office old homes and to active homes not pending but as you can
see right here look at what happened from pending as a percentage of action
active it went from 54% to 65% so that was a huge jump for one month all right
now let's go over to the different price ranges and as you could see in again for
people buying from 100 to 200,000 in the market it's extremely tight I just
listed a home at 130,000 it was a two-bedroom two-bathroom villa in
Riverview and less than one week we had 36 show into
multiple offers and it was an average home it wasn't anything great it wasn't
a nice subdivision overall good condition it was priced right so we're
right now from a hunt from 200 to 300 you can see the inventory level is it
3.5 nine again all these little inventory levels are low it's it's just
amazingly low over here over half a million dollars it says this is just
absurdly low there's this not very many homes on the market as you can see right
here over a half a million dollars if anybody's in that price bracket you can
see there's 749 single-family homes in Hillsborough County available as of
today of me doing this video I just did these steps a little bit ago you know
boy I pulled the actives on the 31st of January but the salt I just pulled these
a few minutes ago of 14 of 247 so it's amazing how low the inventory is across
the board so what's that mean to you as a home buyer as a home buyer you're
gonna have to just get an aggressive agent you're gonna have to be aggressive
here you'd have to start looking if you're sitting on the fence you're
probably losing money I'm having buyers and them telling them if you're if
you're buying a new home you just need to understand if you're gonna sit on the
fence they're probably going to be raising the prices and then the builders
are so if you're a seller you're still gonna have to price your home
competitively especially if there's new construction in your subdivision or
around your subdivision or people are just going to go buy the new
construction I'm seeing that a lot I've seen a lot of the sellers over price
their home homes compared to what the builders are at so I hope this helps
have a wonderful day if I can help you if you're in the Tampa Bay area and I
could help you please uh give me a call and if you have any questions please
leave it in the comments goodbye
you