Tampa Area May Home Sales Down 1%, Prices Down 20%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 2,243 homes sold in April compared to 2,270 homes a year ago for a 1 percent decrease. The existing home median sales price was $141,100; a year ago, it was $176,100 for a 20 percent decrease. The average home price is up 15% from the low point in January 2009 of $122,400. In the year-to-year comparison for the existing condo market, a total of 596 units sold in the MSA last month, up 17% from a year ago when 511 condos sold. The market’s existing condo median price was $107,500; a year ago, it was $159,800 for a 33 percent decrease.

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