Tampa experiencing slow home price gains

Home prices in the Tampa metropolitan area were up between June and July by as much as 1.4 percent but are still tracking more than 18 percent lower than they did a year ago. The latest study of 20 markets by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices shows substantial improvements in home prices over the last few months in the Greater Tampa area. The rate of growth between May and June was just 0.4 percent, according to the study. Among the 20 markets tracked by S&P/Case-Shiller, Tampa’s price growth rate is in line with other areas such as Cleveland, Denver and Miami, and well ahead of the growth in Charlotte, N.C.; Las Vegas, New York and Seattle. In fact, Las Vegas and Seattle reported price declines between June and July, although Las Vegas’ decline was half of what it was between May and June, according to the report. Home prices across the board remain sharply lower than they were the year before with Phoenix reporting the worst decline at 28.5 percent despite growing 1.8 percent between June and July. Home prices in Miami, the only other Florida metro area tracked by S&P/Case-Shiller, were off by 21.2 percent.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email