Jay Quigley, a Pasco County real estate agent, says 3,500 homes are currently for sale. With that much inventory, buyers shop around instead of negotiating down overpriced homes. Your listing price determines whether you sell fast or sit on the market.
When you're getting ready to list, one of the first things you probably wonder is how much competition your home will be up against. The answer in Pasco County right now might surprise you. There are roughly 3,500 homes for sale in Pasco County, and that number has held fairly steady over the past few months. What that tells us is the pool of competing listings isn't shrinking. So buyers in this market have many options to compare yours against. That makes how your home shows up and how it's priced more important than it would be in a market with limited inventory and little to choose from. With this many homes available, buyers who feel like a listing is overpriced tend to move on rather than negotiate. So your starting price carries a lot of weight. Whether you want to sell quickly or hold out for the strongest offer will definitely shape what your initial listing price should be. If you'd like, I can pull the homes in your area that are sitting around unsold and walk you through what separates the ones getting offers from the ones that aren't.
Waiting for a major market shift in Tampa before selling may not be your best move.
