In the last year, the Tampa Bay area had the 10th largest decline in housing inventory out of the country's 50 largest metros, according to a recent realtor.com report.
Why it matters: High demand and unusually low inventory is a recipe for rising home prices. In other words, it's a sellers' market.
By the numbers:
- Inventory is down 53% compared to this time last year.
- There are also 31.8% fewer listings compared to this time last year.
- The median number of days on the market is 57, nine fewer than last year.
- Median list price is up 8.2% year over year, at $302K.
This story first appeared in the Axios Tampa Bay newsletter, designed to help readers get smarter, faster on the most consequential news unfolding in their own backyard.
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