Confused by the whirlwind of Tampa Bay real estate information? In this video, I go over everything to clear the fog. Join me as we dissect the June 2023 stats for Hillsborough, Pinellas, and Pasco counties, debunking myths and uncovering solid trends.
Hillsborough County: Stability Amidst Rates
Despite rising interest rates, June 2023 reported a slight dip in closed sales. But here's the truth - Hillsborough's median price is 0.8% higher than last year, holding at $438,445. Sensational headlines aside, stability prevails.
Pinellas County: Resilience Defined
Closed total sales dipped by 9.2% due to interest rates, yet Pinellas' median closed price shines at $460,000, a 3.4% increase. Amid the noise, prices in mid-2023 mirror those of 2022. Stability and growth define Pinellas.
Pasco County: Nuances of New Construction
Pasco County's 3.6% decrease in median closed prices at $389,990 reveals a story of new construction dynamics. A closer look at the graph shows minimal differences. Context matters, and Pasco's charm remains intact.
Our Insight: Priced Right, Sold Right
Boots on the ground perspective - properly priced, updated homes in prime locations sell swiftly with multiple offers. The truth behind price drops? Unrealistic pricing. Overpricing leads to reductions. We're here to set the record straight.
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