November Tampa Area Home Sales Up 34%, Prices Decline 7%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 2,282 homes sold in November compared to 1,701 homes a year ago for a 34 percent increase. The existing home median sales price was $139,100; a year ago, it was $149,800 for a 7 percent decrease. The median home price is up 14% from the low point in January 2009 of $122,400 and on track to show the first increase in the median price since 2006 this January. In the year-to-year comparison for the existing condo market, a total of 665 units sold in the MSA last month, up 80% from a year ago when 370 condos sold. The market’s existing condo median price was $104,500; a year ago, it was $121,800 for a 14 percent decrease.

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