MAY Tampa Bay real estate stats

Stats were strong, as anticipated. The fly in the ointment is the staggering dropoff of Pending Sales, which would most likely sell in June. New home sales are again at a record low, which eventually forces the sales of existing homes.

There has been talk of extending the tac credit CLOSING deadline to September, but nothing substantial that I have seen as of yet that would indicate this is a reality. There will be alot of buyers who will miss the deadline and subsequently the tax credit money.