St. Petersburg, Florida is among one of the fastest-growing large cities in the US according to Tampa Bay Business Journal. Now is an EXCELLENT time to buy or sell a multi-family investment property.
The St. Petersburg area’s housing market is expected to be among the most active heading into 2021. Realtor.com expects home prices to rise 5.7 percent nationally while the forecast locally expects the metro area to see a 7.5 percent rise. According to all of the metros surveyed, most expect to see sales growth except the Detroit metro and the New York-Newark-Jersey City metro areas, both of which are projected to see sales decline.
Continuing to fuel our seller’s market, we have low interest rates and low inventory. If you are a seller, now’s a great time to sell and if you’re a buyer, now is a great opportunity to invest. Locally, we have solid job growth, a steady population growth and affordability. ACT NOW!
If you are interested in buying or selling a duplex, triplex or other income producing property, call Patricia “Eileen” Collett w/Palm Real Estate (727) 410-5606 or contact us .