| As you go about considering the timing of the buying | | | | and impact of the inventory as it stands today. In order |
| or the selling of your home in Florida, including the | | | | to sell all of the homes available on the market today, it |
| Tampa real estate market, there are a number of | | | | would take 10.5 months. This figure actually is higher in |
| factors that you need to consider and analyze. One of | | | | Florida and even higher in Tampa Bay. |
| the more important factors that you need to keep in | | | | What is of concern is the fact that the amount of time |
| mind when it comes to the buying or selling of | | | | it would take to deal with the current inventory is a |
| residential real estate in the 21st century is what is | | | | period of time that is significantly longer over the |
| known as the housing industry. Perhaps more than | | | | estimate of one month ago. Last month's (nationally) |
| anything else, the housing industry effects the price of | | | | inventory sales time was 9.6 months. |
| residential real estate in markets from around the | | | | However, the inventory does appear to be dropping in |
| country, including the Tampa real estate market. | | | | most regions of the country. Most real estate experts |
| The current housing market inventory across the | | | | agree that this is a bit of light at the end of the tunnel. |
| country at the present time is challenging to say the | | | | These experts are indicating that there should be |
| least. The same holds to be very true across Florida | | | | some relief in regard to the market and inventory |
| generally and in the Tampa real estate market as well. | | | | beginning in the first of the year. |
| The November report from the National Association of | | | | In considering the inventory report from the National |
| Realtors sets forth that for the reporting period in | | | | Association of Realtors (NAR), it is important to |
| question, there are nearly 4.4 million homes on the | | | | understand precisely how inventory is analyzed and |
| market for sale. | | | | monitored. Inventory actually is monitored by the |
| This is a significant inventory when it comes to the | | | | Association in its reporting in two ways. First, a |
| national real estate market. However, you do need to | | | | consideration is made as to how many homes are |
| understand that the inventory situation actually has | | | | available for sale. Second, a consideration is made as |
| improved nationally and even to some degree | | | | to how many months it would take to sell the total |
| throughout and across the Sunshine State. | | | | number of homes that are available for sale on the |
| The number of houses for sale in the July inventory | | | | market right now and the current sales pace. When |
| report was approaching 4.6 million residences. Thus, | | | | the sales pace declines, inventory measured in months |
| the inventory situation at least is moving in what many | | | | will increase, even if the same number of homes are |
| experts are considering the right direction. | | | | for sale. |
| It is very important for you to understand the effects | | | | |