January Tampa Area Home Sales Up 17%, Prices Down 33%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 1,573 homes sold in January compared to 1,342 homes a year ago for a 17 percent increase. The existing home median sales price was $122,400; a year ago, it was $182,500 for a 33 percent decrease (and down 49% from the record high of $237,800 in August 2006). In the year-to-year comparison for the existing condo market, a total of 310 units sold in the MSA last month, down 7 percent compared to 333 condos sold the previous January. The market’s existing condo median price was $108,600; a year ago, it was $159,500 for a 32 percent decrease.

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