Wednesday, January 18, 2012

Tampa Bay home sales looking up

Today the Tampa Bay Times reports that " the worst may be over for Tampa Bay's housing market and that experts are optimistic that Tampa Bay's housing market may have turned the corner". This is based on several key indicators:
  • The median price of a single family home fell as low as $110,000 in January, 2011 and climbed steadily to $130,000 in August, without dropping below $120,000 since.
  • The conventional (normal) median sales price of homes rose to $157,000 in December, up $2,000 from November
  • There was a 19% increase in single family home sales in December over November, 2011
  • Almost 37,000 jobs have been added to Tampa Bay over the past year with the state unemployment declining, reaching a 2 1/2 year low point
  • New home construction jumped 19% in the fourth quarter of 2011 over the previous year
  • The inventory of homes for sale on the market has dropped to six months after years of higher levels
Full story from the Tampa Bay Times

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