Latest Monthly Sales Statistics Showing January 2009 As The Bottom Of The Housing Market

The Tampa-St. Petersburg-Clearwater MSA reported a total of 2,292 homes sold in March compared to 1,974 homes a year ago for a 16 percent increase. The existing home median sales price was $135,800; a year ago, it was $178,300 for a 24 percent decrease. The March median price is down 43% from the record high of $237,800 in August 2006 but up 4% from February 2009 and up 10% from January 2009. The second month of price increases is more proof than the bottom of the housing market decline has occurred in the Tampa Bay area. In the year-to-year comparison for the existing condo market, a total of 514 units sold in the MSA last month, up 17% from a year ago when 441 condos sold. The market’s existing condo median price was $99,800; a year ago, it was $148,600 for a 33 percent decrease.

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