Tampa Area Inventory Heading In The Right Direction

For the last year we've had an incredibly high number of homes on the market. Because of competition to get homes sold a high inventory volume tends to bring home values down.

February '08 was our highest inventory volume at 20,486 homes for sale in the Tampa area. Since February we've seen inventory volume decline slightly every month. However, Decmber marked a significant decrease with inventory dropping from just above 19,000 to 17,650.

Does this mean a change in the market? Not necessarily. There are a lot of factors that play a role in the real estate market. This does, however, mean that we are on the right track for recovery.