Covid-19 sucks!  

How Does This Affect Real Estate?

We're here to help!

First off, our hearts go out to anyone suffering from the outbreak in any way.  We realize that real estate may not be the first thing on your mind right now.  However, if you are wondering how this affects real estate we are here to help!  The economic impact has been fierce so far, leaving retirement portfolios flattened and jobs lost.  Many are left wondering how their home values are holding up.  While we can't look at a ticker like the stock market and know the real time score, we can study the trends of today's leading metrics to best predict what will happen to our Tampa Bay real estate economy in the near future. Stay tuned to this very fluid and dynamic situation through these videos, and please don't hesitate to reach out if you have specific questions about YOUR home.

Lastly, please let us know if you or anyone you know needs help of any kind.  While our team may not be able to save the world ourselves, we are eager to help in many ways AND we have incredible people in our database who have stepped up to help those in need with us.  Some examples include:

  • Errands and delivery
  • Info and help on mortgage forbearance/bill delay 
  • Supply and money donations
  • Supply trading
  • Where to find supplies
  • Temporary and permanent jobs
  • Meal prep
  • Meal donations
  • Buying prepped meals from a struggling restaurants and having them delivered to front line hospital workers
  • Delivery volunteer for Meals on Wheels (one of our partner charities)

Check back as this list keeps growing with each incredible soul who steps up in our world!  God bless you all!



Real estate services have been deemed essential (including agents, inspectors, appraisers, etc.).  Using the latest in video and virtual reality, buyers are able to see homes without endangering sellers or themselves.

Keep on reading for the latest on the Tampa Bay real estate market, as well as safe ways to buy and sell your home during the pandemic.  Homes are still selling, and there are some unique and nuanced opportunities for those who choose to take advantage of today's unprecedented market conditions.  

Trends that the market is setting every day

We're tracking the five leading metrics every day in the combined market of Hillsborough and Pinellas Counties that will have the biggest impact of home prices in the future.  The two most vital are in bold, and in the chart on the right.

1. New listings (in red)

2. New pending contracts (in blue)

3. Price decreases
4. Back on market (contract fell apart)
5. Cancelled listings (seller removed from market)


The story is being told through the numbers.  Demand has clearly been on the rise for weeks, while inventory is having a tough time keeping up.  All of this is leading to an extreme seller's market right 
now.

How have showings on listings been impacted in Florida?

Check out the data from our partner Showingtime, who through the multiple listing system, tracks all showings on listings and compares year-over-year data.

Cash Offer with No Showings!

Want to know the safest way to sell your home during the pandemic?  Get a cash offer with ZERO showings!  RG Offers (powered by Keller Offers) can bring you a cash offer in 24-48 hours without bringing buyers into your home!  While most i-buyer programs have suspended purchases (Zillow, Open Door, Redfin, etc.), RG Offers is still buying homes! 

Get a cash offer now

Tampa Bay Real Estate Market Update Covid Addition

Episode 23- A message to our friends about the overall Covid real estate market.

Tampa Bay Real Estate Market Update Covid Edition

Episode 22 - Evidence that the market may be softening (more listings AND less contracts for the first time since we've been tracking).


Tampa Bay Real Estate Market Update Covid Edition

Episode 21 - some indicators pointing to where buyer and seller confidence may be heading.  That, plus a cute baby.  Happy Father's Day!

Watch Episodes 1-20 here

More stats, more babies from when we started tracking daily metrics on 3/13/20.

Watch

Unique Buying and Selling Opportunities Exist During the Pandemic

We're tracking the key leading metrics of the market so we can help guide our clients into the move that makes the most sense for them.  Whether you're buying or selling, there are unique and nuanced opportunities that exist today that won't be around when we finally get through this.  Inventory levels, interest rates, and still strong contract activity lend well to selling opportunities.  Interest rates, market sentiment, decreasing demand, and increasing uncertainty present solid buying opportunities.  Want to know more?  Let's chat about how you can win in this highly unique market!

Schedule a call

18,958

New sales contracts since 3/13

2.625%

Average rate on a 15 yr fixed since 3/13

14,439

New listings since 3/13

3655

Fewer homes on the market than 3/13

HELP!

Read Now

What every seller needs to know about Virtual Showings

L

Read Here
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