Florida (Tampa) is not Crashing!

[Jorge Vazquez]

I’ve been in Tampa since 2005 and remember the 2008 crash when homes sat for nearly two years before anyone made an offer. So seeing 114 days on market today doesn’t worry me one bit. This isn’t a collapse; it’s a healthy cooldown after a few crazy years. Sellers are finally pricing more realistically, and buyers actually have a chance to breathe again. Tampa isn’t quite at a balanced 5.5 months of supply yet—it’s closer to four—but it’s slowly heading in that direction. What do you guys think? Would love your opinion!