Part 6/8:
While larger trends indicate only minor year-over-year declines in home values in places like Tampa and other areas across the Sunbelt, these deep discounts from investors could impact overall market statistics moving forward. There seems to be a lag effect; while discounted properties are beginning to surface, their impact might only manifest in future sales figures and valuations.
The Disconnect Between Prices and Sales
Despite indicators of a market downturn—such as prolonged sale times and inventory surges—many sellers remain resolutely optimistic, pricing their homes higher year-over-year. According to recent reports, the typical U.S. home is now taking nearly two months to sell, the slowest pace observed in five years, yet median asking prices have increased by 5.2%.