July home sales improve in most Florida metros
Tampa Bay area home sales rose 5 percent in July, a positive trend mirrored in 11 out of 20 Florida metro areas.
Sales in Pinellas, Pasco, Hillsborough and Hernando counties totaled 2,174 in July versus 2,068 in July 2007, according to the Florida Association of Realtors.
Lower prices seemed to help stimulate sales. The median sales price of a single-family home dropped 18 percent, from $215,600 in July 2007 to $176,500 in July 2008.
Other metros showing July-to-July gains include Fort Myers, Fort Pierce, West Palm Beach, Melbourne, Punta Gorda, Fort Lauderdale and Daytona.
We're getting close to the point where we can safely say sales - but not prices - have stabilized. May sales were up a hair, followed by a slight decrease in June. With July's improvement we're essentially seeing a quarter of stability.
Here's the chart from the Realtor association: Download farJULY08.pdf
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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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