Tuesday, July 25, 2006
Florida Existing Home Sales
The Tampa/St. Petersburg MSA (Metropolitan Statistical Area) experienced 15% appreciation in June 2006 as compared to June 2005. This is great news! Yes, the market is slowing down, our volume is slowing down. The number of home sales in June '06 was 29% less than the number of home sales in June '05. However, the prices of homes have sustained pretty significant appreciation. Most respected Real Estate thinkers hold that normal appreciation is between 5-7% and believe that this is the rate of appreciation our markets will return to. Nonetheless, our rate of appreciation is still historically high as compared to our entire history. So, the market is good! The challenge I think everyone is facing is the fact that we are comparing the current state of the market with our 2-3 best years in HISTORY! It's hard to beat your best year ever!
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2 comments:
Nice write-up, very informative. We just got our new site through real estate web site design and now we have to choose between organic SEO and PPC. I have been recommended by a lot of people to do both at the same time to get the best results. Any suggestions on this arena will be helpful.
I'm not sure I know the difference between the two. I haven't had much success with SEO, it sounds like you know a lot more than me about it!
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