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  • Tampa Real Estate Market and Covid 19 - April Update

    Monday, April 6, 2020   /   by Aaron Barker

    Tampa Real Estate Market and Covid 19 - April Update

    We might have a rough road ahead but it's not all doom and gloom. We hope you and your loved ones continue to stay safe and healthy. The coronavirus continues to dominate every aspect of our lives, and even though it can be hard to stay up to date with the latest changes, we'll try to keep you informed on how it's shaping our local real estate market.

    Tampa Real Estate Market and Covid-19 - April

    Tampa Real Estate Market and Covid-19 - Update

    Posted by Tampa South Group on Friday, April 3, 2020

    While we are expecting one of the worst quarters in history it's not all bad. Goldman sees 15% jobless rate and 34% GDP decline, followed by the fastest recovery in history with a 19% rebound in the third quarter. 

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    Tampa sales inventory is down YoY -33.2% leaving an already low inventory significantly lower. Buyer demand combined with the lack of inventory could lead to prices stabilizing quickly and on the rise again before the Fall.  

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    Stay tuned for more updates as we ride this market shift together...