Tampa Bay Housing Market Update- June 2022

We've been watching the Tampa Bay housing market closely over the last few weeks. Increased inventory means more options for home buyers that are frustrated with the bidding wars, especially in communities like Valrico, Riverview, Lithia, and Apollo Beach. But increased prices and higher interest rates mean affordability is still an issue for many. 

 

• Home Sellers- Make sure you're talking to your agent about strategies to get your home sold in this changing climate. Correctly pricing your home to sell, making necessary improvements, and ensuring easy access for showings and open houses are important to get your home sold. 
  Find out what your home is worth in today's market

 

• Home Buyers- Connecting with a mortgage broker that can present different loan options is critical. FHA and VA loans, along with other similarly-backed programs, are once again able to compete with conventional and cash offers. Increased inventory will allow you to find a home in Hillsborough County that you can afford and that meets your needs.

Bottom line- Your real estate agent is going to be your biggest advocate and should be knowledgeable and proactive to protect your interests. No matter where you are on your real estate journey, Eaton Realty's team of REALTORs are respected leaders in the community and are here to help you succeed. Contact us today to be connected with a team member!

Read more about the changes in the market in this article from Realtor.com