Davis Islands 1st Quarter Market Summary

DAVIS ISLANDS: TAMPA, FL REAL ESTATE

MARKET PRICE TREND: FIRMING
MARKET ACTIVITY TREND: UPTRENDING

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The first quarter of 2010 is behind us and what a change from a year ago. The stock market is soaring, homes are selling and business is hustling. As reported last quarter we predicted a strong 1st quarter of activity due to both the home buyer tax credit extension and low interest rates, we were not disappointed. While the credit certainly moved buyers off the fence, properly priced properties moved quickly, some even with multiple offers. We believe that the second quarter will bring increased home sales, firming of prices and a shrinking of inventory. In fact, we have a number of ready and able buyers with specific needs that the current supply of homes has not meet. As always if you ever have a question on your Davis Islands home feel free to give us a call (813) 391-9240.

Cristan & Jennifer