Current Real Estate Market Status
With data on millions of homes nationwide, the folks at Realtor.com think they have a pretty good idea of how the real estate market is doing.
“Tampa Bay is not expected to have incredibly brisk sales growth but 1.3 percent is a pretty healthy market from the sales side,” Danielle Hale, realtor.com’s chief economist, said in a phone interview Tuesday from New York. “Price growth is slower than you’ve probably seen in the last year but it’s still faster than normal.”
Among the nation’s top 100 housing markets for 2018, Tampa Bay ranks 29th — below Daytona Beach, Lakeland, Miami, Orlando, Jacksonville and Sarasota but above Cape Coral and Fort Myers.
Even though (several Florida markets) ranked ahead, we’re talking about fractions of a percentage so it’s really not that big of a difference. The whole Florida area is expected to do quite well based on the current data being distributed.
Particularly in Tampa, it’s important to point out that there are more than 19 firms with annual revenues of more than $1 billion are headquartered here and it is home to four Fortune 500 companies. Tampa has a very diverse economy with financial services, STEM, health care, research, education, tourism/retirement, and military bases all making significant contributions to jobs and growth.