Tampa Area July Home Sales Up 30%, Prices Down 19%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 2,822 homes sold in July compared to 2,174 homes a year ago for a 30 percent increase. The existing home median sales price was $143,100; a year ago, it was $176,500 for a 19 percent decrease. The average home price is up 17% from the low point in January 2009 of $122,400. The steep decline in the median price is starting to slow down. Click here for the latest projection of when the median price will be positive again. In the year-to-year comparison for the existing condo market, a total of 668 units sold in the MSA last month, up 38% from a year ago when 483 condos sold. The market’s existing condo median price was $98,800; a year ago, it was $147,300 for a 33 percent decrease.

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