My New Blog

I have been eyeing listings over the past several months and we have been maintaining approximately 10:1 actives vs pendings. However, in recent months that has gone down to 20:1 actives vs pendings. Not a good sign, but we are going in to the holidays which is generally slower.

Most areas of the country that have roller coaster housing values see a 25-50% retracement after a run up in property values. In the Tampa Bay area, we have only seen 5-15% for single family homes and 20-30% for condos.

I feel we will start leveling off in the coming year, 2008, but values won't be increasing for a few more years. I guess we will all have to be happy just not losing value. Remember, Florida's population is still growing at a hot pace.