November Tampa Area Home Sales Up 3%, Prices Down 21%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 1,701 homes sold in November compared to 1,644 homes a year ago for a 3 percent increase. The existing home median sales price was $149,800; a year ago, it was $189,100 for a 21 percent decrease (and down 37% from the record high of $237,800 in August 2006). In the year-to-year comparison for the existing condo market, a total of 368 units sold in the MSA last month, down 3 percent compared to 380 condos sold the previous November. The market’s existing condo median price was $122,300; a year ago, it was $156,800 for a 22 percent decrease.

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