The Tampa real estate market is hot, Hot, HOT right now! With investors putting in their stakes and the rental market becoming strong, the Tampa area is gaining popularity and quickly becoming one of the hottest real estate markets in the U.S. in 2020.
One of the most affordable real estate markets in the state and growing steadily, Tampa is one of the hottest real estate markets for rental homes in the nation with an insane amount of pent-up demand for entry-level single-family homes. In the past 10 years, the annual real estate appreciation rate has amounted to 5.44%, according to NeighborhoodScout.com, putting Tampa in the top 10% nationally for real estate appreciation.
With a low month's supply of inventory for Tampa in November 2020, this means that the demand from buyers is exceeding the current supply of homes for sale. The pricing of those homes is trending higher and is more attractive for sellers.
If you're considering buying a house or investment property in the Tampa real estate market, let Paradisum Group EXP help you make a sound decision. Call 850-320-8385 or Contact Us Today!
