Chances are the value of your home has steadily climbed for the past few years since the market was gutted with all those foreclosures and short sales a few years ago. The Tampa Bay Times says the median value of a home in Tampa Bay right now is $213,800. That’s down from the previous month. Not by much. But the big thing is that’s the first time they’ve seen a decline in over 7 years. They go on to say in the article that values have fallen quarter over quarter as well. That indicates to analysts that there might be a trend forming. They say houses are taking longer to sell than they did 1 year ago and sellers are not as likely to get their asking price compared to a year ago.
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