Home prices up +23% in Tampa Bay area

The medium price home in the Tampa Bay area reached $160,000 in August, up +23.1% over August 2012. Home prices are lower overall in Tampa vs. the state of Florida, but prices are increasing at a faster rate. The rate for the entire state was +18.6%. In August, the number of existing home sales in the Bay area reached 3468, up 10% from last year.