Florida Realtors say sales down 30 percent the past year
The good news: Orlando, Miami and Fort Myers home sales stink more than Tampa's.
The bad news: Tampa's home market isn't exactly smelling like violets either.
The Florida Association of Realtors made it official today by releasing its October existing home sales numbers. The Tampa Bay area's decline - 30 percent - was a touch higher than the state's decline - 29 percent.
That's single family homes. Our condo sales declined 17 percent versus 20 percent for the state as a whole.
Here's a Tampa area summary: Combined sales of single-family homes and condos went from 2,964 to 2,159 from October 2006 to October 2007.
The median sales price of single family homes was off 7 percent, Realtors said, while condo prices rose 8 percent.
Click on the following charts for more details. Download October_2007_home_chart.pdf and Download October_2007_condo_chart.pdf
It's interesting to see that Sarasota, where the housing market hit the skids first, is now recovering, if you consider a 17 percent sales decline a recovery.
On the other hand, Ocala, whose market still thrived after Tampa's tanked, saw the greatest drop in sales at 54 percent.
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Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
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