Tampa Bay Home Sales Continue to Rise

Published by peter | Filed under Market Trends, Real Estate

The Florida Association of Realtors said sales improved to 2,848 in June from 2,346 in June 2008. That continues a happy trend of rising sales that started last September. The peak for June home sales was 5,230 in 2005.

Local home prices have been holding more or less steady since they bottomed at $121,000 in January, but still are down 22 percent from a year earlier. June’s median sales price was $139,400.

Home sales gained in all of Florida’s 19 major markets except Gainesville, Sarasota-Bradenton and Tallahassee. Improvements were concentrated in hard-hit housing markets like Cape Coral-Fort Myers, where the average home changes hands for less than $88,000.