Experts predicted a real estate slowdown in 2023. How is Tampa Bay holding up?

Source: Tampa Bay Times — 

What goes up must come down. After nearly two years of explosive growth in the housing sector, economists and real estate experts said sales could take a major dip in 2023.

But so far, that hasn’t happened.

Kristine Smale, an executive vice president for the real estate analytics company Zonda, said that markets across the country are faring better now than they were during the fourth quarter of last year.

In Tampa, St. Petersburg and Clearwater, sales are down 19.4% from this time last year, according to February data from Greater Tampa Realtors. Still, sales have increased 24.6% from last month.