Year over year, closed sales saw a jump of 25% in February. We’re just getting into the busy buying season, and things are looking up. For the last 4 years, January was a slow start but every year February restarts the busy Florida home buying season of March, April & May. Year over year, closed sales and cash sales saw a jump of 25% and 19% respectively. This is great for us and the economy. Also closed short sale transactions are down 22% from last year.
S & P Case-Shiller Home Price Indices named the Tampa Bay area one of the top 10 home markets in the country!! Tampa Bay continues to be a hot market, with Pinellas County leading the way. Pinellas County includes St Petersburg, St Pete Beach, Clearwater Beach, Treasure Island, Madeira Beach, Pass-A-Grille & more. I’m sure, we all will be watching the Federal Reserve to see when and how much the interest rates will go up. Pinellas County continues to lead the region in employment as well. Keeping my fingers crossed for a fantastic season & a great year.