Tampa February Home Sales Up 23%, Prices Down 27%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 1,856 homes sold in February compared to 1,515 homes a year ago for a 23 percent increase. The existing home median sales price was $131,400; a year ago, it was $178,900 for a 27 percent decrease. The February median price is down 45% from the record high of $237,800 in August 2006 but up 7% from January 2009 and possibly a signal that the bottom of the housing market has arrived. In the year-to-year comparison for the existing condo market, a total of 409 units sold in the MSA last month, unchanged from a year ago when 414 condos sold. The market’s existing condo median price was $98,800; a year ago, it was $153,100 for a 35 percent decrease.

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