Looks like the 2007 year ended pretty much as predicted here in the Greater Tampa Bay. The Florida Association of Realtors (FAR) released their latest statistics comparing November 2006 to November 2007 this week and I don?t think any one was surprised.
The synopsis for the year:
- Sales down 30 percent
- Prices down 15 percent
That’s for single family homes. If you look at the Tampa-St. Petersburg-Clearwater area, there were 1,644 existing homes sold this last November, down from the 2,362 sold the previous year. The Tampa Bay Business Journal does a pretty good summary on this as well.
One of the key issues we have observed over and over again by sellers though is that they resist the advice to price accordingly the first time. It is a Buyers market and and if you really, really want to sell your home, you have to un-attache yourself from it and set the right price.
With that, I am including a You-Tube clip that says it all in BLACK & WHITE, check it out below.
I am often researching what it is going in other areas of the country, as well as keeping an eye on technology related issues. This is from the one of the guys who is a key note speaker at the Bloggers Connect Forum that will take place next week in NY. I expect some good information to come out of it and look forward to sharing the information.