Buyers Are Buying, Sellers Are Selling
By Lenny Gurvich
(Keller Williams Realty Tampa, Florida)
Someone asked me the other day if there are actual buyers of residential real estate active in this current market. With the negative spin that most media are spewing, many think that the market has come to a stand still. My answer was “Sure! There are buyers buying. Not as many as 18 months ago but a respectable amount none the less.” I like concrete numbers to back me up and there is nothing better than a quick visit to the MLS to get a more clear picture. So far in November there have been 494 properties go under contract in Hillsborough County. Pretty respectable considering we are only halfway through the month. By comparison, 1290 properties were sold (closed transactions) in October of 2006. The average price of these properties going under contract is just over $281k. The avera...