In July, the median rent in Tampa – Clearwater – St Petersburg was $2,563 according to the MLS. There were 25 days on market. The median rents decreased 1.4% from last month and is taking 3 day longer to rent a house. Compared to last year, rents have gone up 2.5% and is taking 1 day longer to rent a house.
The median rent nationwide was $2,365 in July according to Zillow. That’s down a little 0.4% from last month and up slightly 0.6% from a year ago.
There were 1,802 evictions filed in Tampa – Clearwater – St Petersburg in July. The eviction filings increased 13.5% from a month ago.
Our property management company’s lease renewal rate was 83% as of July.
The median sales price in Tampa – Clearwater – St Petersburg in July was $445,000 and the Days on Market was 23 days. Compared to last month, house prices have decreased 1.1% and is taking 2 days longer to sell a house. Compared to last year, house prices have decreased by 1% and is taking 12 days longer to sell a house. There was a 3 months’ supply of inventory was 3 months, a buyer’s market in Tampa Bay.
The median list price according to Realtor.com nationwide in July was $439,950, the same price as last year. The Days on Market came to 50 days which is 5 days longer from the previous year. However, the number of new sales listings increased 36.6% from the previous year.
The 30-year fixed rate mortgage in July was 6.77%. The interest rate decreased 0.09% from last month and also decreased 0.04% from the previous year.
Please contact us if we can be of any help with your property.
