The price of homes in the Tampa Bay area continues to soar

Pinellas, Pasco and Hernando counties also showed dramatic increases as buyers vied for an exceedingly tight supply of single-family homes — Pasco had less than a three-month inventory.

And even though interest rates have risen slightly since the presidential election, there is little sign the market is slowing down.

“We haven’t noticed any impact yet,” said Rachel Sartain, managing broker at Keller Williams Realty St. Petersburg. In fact, she said, the possibility of rates going higher will “hopefully increase activity” by spurring people to buy now.

via The price of homes in the Tampa Bay area continues to soar | Tampa Bay Times.