Tampa home prices rose 3.6% in July, while the rest of the country saw 1.2% increases compared to
July 2011. Miami enjoyed home price increases of 5.3%. Fueling this is a lack in inventory of homes in Tampa. At one point in the housing downturn, there was 26 months supply of homes on the market in Tampa. In July, there was less than 3 1/2 months supply. Price increases across the country, and low interest rates, continue to support the housing recovery.
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