December Tampa Bay Home Sales Up 14%, Median Price Down 4%

The Tampa-St. Petersburg-Clearwater MSA reported a total of 2,123 homes sold in December compared to 1,857 homes a year ago for a 14 percent increase. The existing home median sales price was $140,000; a year ago, it was $145,700 for a 4 percent decrease. The median home price is up 14% from the low point in January 2009 of $122,400 and on track to show the first increase in the median price since 2006 this month. In the year-to-year comparison for the existing condo market, a total of 820 units sold in the MSA last month, up 92% from a year ago when 426 condos sold. The market’s existing condo median price was $106,300; a year ago, it was $128,800 for a 17 percent decrease.

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