Largo is the third largest city in the Tampa Bay area and bigger than the average city in Florida.
With about 80,000 residents having an average age of 48 years, it has a population much younger than most cities in Florida. The median age of all homes is 35 and majority are detached homes.
It is a city packed with parks, gardens and fun-filled outdoor activities!
The demography of an area indicates the movement and growth of the population, which in turn can speak a lot about the housing market in the region.
A fast-growing population indicates an increase in demand for residential and commercial property which in turn leads to a thriving housing market.
The population of Largo has shown a slow growth compared to the rest of the country with a 10-year growth rate of -0.7%.
With a median income of $39,555 per household, it isn’t the most affluent among the cities in Florida.
What has 2017 been like so far?
The market activity of Largo in 2017 has seen an all-time low for home sellers, with a drop in the number of houses that have been sold, since the beginning of the year. The month of July seems to be showing much more promise and hope for anxious ones wanting to sell their house in Largo.
Early 2017 presented a sizeable inventory, denoting a crystal-clear buyer’s market with a drooping home sale percentage compared to the end of 2016, which had been favorable to sellers.
Moving forward to June, the decline in sales continued in Largo, which usually has a good percentage of sales per month.
This resulted in sellers being unable to buy their houses.
Waiting to do a Quick Home-sale in Largo?
The first week of July has shown an elevation in the real estate market scene since January, with rocketing home sales. However, it is still quite low compared to neighboring cities like St. Petersburg. The increase in sales has consequently caused a drop in Largo’s inventory.
This market situation has been continuing into the second and third week of July, with the high home sales rate being maintained and remaining significantly less than surrounding cities.
Mid-July has finally restored the former good shape of the real estate market in Largo. Median sale prices have dropped and the home inventory has reduced for the buyers.
With data clearly showing that Largo isn’t the best place to try and sell your home all by yourself without a realtor, do not lose hope!
We buy your homes in Largo for the best market price eliminating the tiresome wait for your online listing to get noticed or the hassle of running behind a real estate agent.
Log onto www.fastoffer.com and get your house sold by sharing a few necessary details which can help us get you the best buyer for free.
Do not worry about the cost of renovating your home, which we will undertake completely. We believe in the value of your property and can help you sell it quickly for what it’s truly worth!