Housing sales increased +22.5% and prices rose +27% in the Tampa Bay area in July 2013 vs. July 2012. The Florida Realtor trade group on 19 markets inside Florida and Tampa Bay was at the top.
The number of closed sales in Tampa Bay was 3534 in July. Rising prices were influenced by a higher number of higher priced homes selling. In July 2013, 127 homes sold for less than $50,000 as opposed to last year's 178 homes. This year 191 homes sold for $300-$400,000 vs. last year's 124 homes. This skew to higher priced homes, and low inventories putting upward pressure on prices may be the contributing factors pushing the median price up to $165,000, + 26.9% over last year.
No comments:
Post a Comment