December Tampa Bay Area Home Sales Up 16%, Prices Decline 27%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 1,857 homes sold in December compared to 1,597 homes a year ago for a 16 percent increase. The existing home median sales price was $145,700; a year ago, it was $199,800 for a 27 percent decrease (and down 39% from the record high of $237,800 in August 2006). In the year-to-year comparison for the existing condo market, a total of 426 units sold in the MSA last month, down 13 percent compared to 488 condos sold the previous December. The market’s existing condo median price was $128,800; a year ago, it was $181,700 for a 29 percent decrease.

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