Tampa Bay Buyers Market

Supply and Demand - Inventory Search
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The Tampa Bay Florida Market is now in a Buyers Market

During buyers' markets, homes may sit on the market for awhile before selling, so sellers become more flexible and usually drop their asking prices. Buyers Agents have stronger negotiating power for their clients, especially those that are pre-approved for a loan or are all cash buyers.

During sellers' markets, homes sell quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times. The Tampa Bay Florida market was red hot in pricing increases from 2002 to the end of 2005. It has now cooled off considerably. We have saved thousands for our buyers in this current real estate atmosphere.

The market is determined by supply and demand, interest rates and the overall economic conditions.

In real estate, the relationship between supply and demand is calculated as "available inventory." At the current sales pace, how long would it take to sell the total number of houses available on the market? That is how the real estate industry measures inventory.

Inventory is measured in weeks and months. Longer inventory times are associated with buyers' markets. Shorter inventory periods are associated with sellers' markets. Some buyers and sellers hope to time their purchase to take advantage of market cycles.