Friday, April 12, 2013

Tampa Bay home sales were up in March and inventories are down

Tampa Bay had a 7 percent increase in home sales in March 2013 over March 2012 and it was the busiest month since May 2006 according to the Tampa Bay Times.  More than two-thirds were conventional sales and the Times reports that half of the reported sales last month were cash sales, with investment firms "gobbling up" homes to fix up and rent, with a median home price of $150,000.  That's a 22 % increase over a year ago!

Additionally, the inventory of homes on the market in Hillsborough County this year has fallen to over 6,000 from a high of 18,000 back in 2009. 

The market in New Tampa continues to be super hot in the under $200,000 price range for single family homes, with fewer than 15 on the market, escalating prices and many buyers finding themselves priced out of the market.


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