Tampa Area September Home Sales Down 40%, Prices Drop 10%

The Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area (MSA) reported 1,691 existing homes sold last month compared to 2,803 homes sold a year ago for a 40 percent decrease. The market's median sales price for homes was $200,700; it was $222,100 in September 2006 for a 10 percent decrease. A total of 411 existing condos changed hands in the MSA last month, down 29 percent from the 576 condos sold the previous year. The existing condo median sales price in September was $159,000; a year ago, it was $155,100 for a 3 percent increase.

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