Tampa Bay Real Estate Market Update July 2017

The stats look terrific but is everything the way it appears? All of the statistics show that nothing can stop this price increase. The supply and demand chart indicates 2.5 months of listing inventory, the lowest number in the last 10 years. The price increase over last year is 10%. I know this sounds crazy because we all remember that price increases like this do not last too long, however, there is no indication that the current trend will change soon.

What do you think?