Your September 2019 South Tampa Real Estate Market Update

107

HOMES SOLD

$497.5k

MEDIAN PRICE

3.12

MONTHS OF INVENTORY

64

DAYS ON MARKET

3.75%

INTEREST RATES

Now that we’re officially in the fourth quarter of the year, let’s take some time to reflect on the September market by looking at six stats that drove our activity.

First, 107 homes sold in September 2019. That’s a 13% drop over the same month last year, and a 24% drop from just one month before.

The median price in September was $497,500, which is an 8% drop from August and a 5% increase over September 2018—that’s a good sign. This is a recurring trend we’ve seen while going over the last nine months: Prices have gone up, but total sales have gone down. However, September is traditionally one of the slowest months in terms of sales in all markets.

Inventory remained steady between August and September this year, going from 3.12 months of supply to 3.3 months of supply.