The local market here in Hillsborough County continues to recover some of it’s momentum and through the 3rd quarter of 2010, single family prices have risen 2.9% over the same period in 2009. While the historic rate of appreciation here is Florida is closer to 4%, the modest by comparison increase is an early but welcome sign of stability and predictability returning to the market. Various other market indicators show the overall market moving into a more evenly balanced market as well. The crazy Seller’s market of 2004-2006 that quickly gave way to an equally crazy Buyer’s market (2007-2009), has begun to settle down. The tax credit motivated sales of spring and early summer have given way to more normally motivated transactions that should, in conjunction with sub 5% interest rates, provide many first time and move up owners with a real value that should serve them very well in the future. Call any of our agents for the most recent update in these trends.