Tampa Home Sales Best in Nearly 2 Years

Published by peter | Filed under Market Trends

Tampa area homeowners sold 1,440 home in May, the highest sales total in nearly 2 years, the Greater Tampa Association of Realtors said.May’s sales total represented a 9.4 improvement over the 1,316 homes that sold in May 2008. The last time so many homes sold was in June 2007. Here’s the chart: Download Gtarmay09Price is another matter. From year to year, the average sales price cratered by 32.5 percent from $244,977 to $165,425. Foreclosure sales accounted for the steepness of the drop.The inventory of unsold homes continues to shrink. Realtors reported 15,273 listings in May. The peak was 20.942 listings in October 2007.Tampa Realtors track sale in Hillsborough County and part of Pasco County.