Tampa Area April Home Sales Up 11%; Prices Down 23%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 2,326 homes sold in April compared to 2,087 homes a year ago for a 11 percent increase. The existing home median sales price was $135,200; a year ago, it was $176,000 for a 23 percent decrease. The April median price is down 43% from the record high of $237,800 in August 2006. The average home price is up 10% from January 2009 and is unchanged from the previous month. In the year-to-year comparison for the existing condo market, a total of 582 units sold in the MSA last month, up 15% from a year ago when 508 condos sold. The market’s existing condo median price was $98,200; a year ago, it was $156,400 for a 37 percent decrease.

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