Fewer Homes, Higher Prices
“Bay area sales prices surge 20 percent in January as supply shortage continues.”
Year-over-year price increase of 20% for homes in Tampa Bay area from January 2015 to January 2016. Prices have been accelerating due to demand far outweighing supply.
Here is link to article:
https://www.tampabay.com/news/business/realestate/tampa-bay-home-prices-soared-20-percent-in-january-as-supply-shortage/2266458