Tampa named a top home buyers' market by Zillow - WFLA News Channel 8

Tampa named a top home buyers' market by Zillow

Posted: Updated:
TAMPA, FL (WFLA) - On Wednesday, Zillow announced Tampa is a ranked one of the best home buyers' markets in the country.

The Tampa metro area was ranked third on the list of top buyers' markets.

Within the metro at the city level, Temple Terrace and Odessa came out on top of the list of top buyers' markets, while Westchase and Brandon were atop the top sellers' markets ranking.

According to the Zillow report, home values rose 15.3 percent year-over-year in February in the Tampa area, higher than the national increase of 5.6 percent over the same period.

Tampa metro home values are expected to rise 6.8 percent over the next 12 months, according to the Zillow Home Value Forecast.

In the Tampa Metro Area:

Top 5 Sellers' Markets
Top 5 Buyers' Markets
1. Westchase
1. Temple Terrace
2. Brandon
2. Odessa
3. Riverview
3. Hudson
4. Wesley Chapel
4. Port Richey
5. Safety Harbor
5. Holiday

Zillow says top buyers' markets tend to have lots of inventory, steep price cuts and homes that linger on the market. Top sellers' markets tend to have low inventory, homes that are selling for more than the asking price and a quick turnover.

The data was analyzed on sale-to-list price ratio, number of days listings spent on Zillow and percent of homes on the market with a price cut, and ranked the cities within the metro relative to one another.

Copyright 2014 WFLA. All rights reserved.

  • Don't Miss ItMore>>

  • Stacie talks to Ellen about season 12, debut on WFLA News Channel 8

    Stacie talks to Ellen about season 12, debut on WFLA News Channel 8

    Tuesday, September 2 2014 4:20 PM EDT2014-09-02 20:20:57 GMT
    WFLA anchor Stacie Schaible talks with Ellen about her upcoming season on WFLA News Channel 8WFLA anchor Stacie Schaible talks with Ellen about her upcoming season on WFLA News Channel 8
    An enthusiastic crowd had already gathered hours before The Ellen Show was scheduled to tape. When I arrived on the Warner's Brothers lot, I was greeted by one of Ellen's Producers. Though I hoped for a ride in Ellen's golf cart, we walked a few blocks to the set and my behind the scenes tour began.Ellen's studio is massive by Hollywood standards.
    An enthusiastic crowd had already gathered hours before The Ellen Show was scheduled to tape. When I arrived on the Warner's Brothers lot, I was greeted by one of Ellen's Producers. Though I hoped for a ride in Ellen's golf cart, we walked a few blocks to the set and my behind the scenes tour began.Ellen's studio is massive by Hollywood standards.
  • Maroon 5 announces Tampa show

    Maroon 5 announces Tampa show

    Tuesday, September 2 2014 2:58 PM EDT2014-09-02 18:58:11 GMT
    Photo courtesy Facebook/Maroon 5Photo courtesy Facebook/Maroon 5
    Multi platinum-selling and Grammy Award-winning rock band, Maroon 5, revealed details today for The Maroon 5 World Tour 2015 in support of the band's fifth studio album, V.
    Multi platinum-selling and Grammy Award-winning rock band, Maroon 5, revealed details today for The Maroon 5 World Tour 2015 in support of the band's fifth studio album, V.
  • Where's 'Katharine' been?

    Where's 'Katharine' been?

    Tuesday, September 2 2014 12:35 PM EDT2014-09-02 16:35:30 GMT
    Photo: OCEARCH FacebookPhoto: OCEARCH Facebook
    Katharine, the well-known great white shark tracked by OCEARCH, has been spending a good amount of time outside the Carolinas
    Katharine, the well-known great white shark tracked by OCEARCH, has been spending a good amount of time outside the Carolinas
  • Most Viewed Stories on WFLA.com

  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.