We have seen several straight months of sold price increases on home prices in Riverview Fl and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Riverview but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Riverview home on which you are making an offer.
If you are interested in how much current inventory is on the market in Riverview Fl you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Riverview, homes have a median time of 54 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Riverview has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Riverview Real Estate Report Summary
The median list price in August for single family homes in Riverview Fl is $199,350.
The percent of rental properties in Riverview (33578) is 33.02% above the national average which is typical for urban areas.
The median number of days active properties have been listed is 54. This is significantly shorter than the national average.
DREAMING OF BUYING A HOME? WHAT YOU NEED TO KNOW BEFORE YOU
"Mike is top flight! If you are buying or selling you won't find anyone who is any better. Mike has the "whatever it takes" mentality. He will make the extra effort and take the time to see to it that you are satisfied. We just purchased a home in Plant City, closed in just over 2 weeks! He set us up with the right people to get things done. I will be using Mike again in the future to sell my dads house in Tampa (Palma Ceia)."