August Tampa Area Home Sales Up 17%, Prices Down 17%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 2,370 homes sold in August compared to 2,029 homes a year ago for a 17 percent increase. The existing home median sales price was $144,600; a year ago, it was $173,900 for a 17 percent decrease. The average home price is up 18% from the low point in January 2009 of $122,400. With this current trend, we may see the first increase in the median home sales price by the end of December. In the year-to-year comparison for the existing condo market, a total of 553 units sold in the MSA last month, up 15% from a year ago when 482 condos sold. The market’s existing condo median price was $104,700; a year ago, it was $141,400 for a 26 percent decrease.

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