Hillsborough County home sales improve in October
We'll start by conceding that home sales in October 2008 were beaten down by last year's credit lock up. Nevertheless, it's none too shabby when sales rise 35 percent year over year.
The Greater Tampa Association of Realtors recorded 1,722 sales in October 2009 versus 1,279 a year earlier. The average sales price - Tampa Realtors used average instead of median - dropped 16 percent over those 12 months. A typical home sold for $156,775 last month compared to $186,424 a year earlier.
I don't put much faith in month-to-month zig zags, but Hillsborough County home prices fell almost 5 percent from September to October. That suggests plenty of cut-rate foreclosure homes are finding buyers, which weighs down average home prices.
Here's a detailed chart: Download Gtaroct09
Most Recent Blog Posts
About the blog
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.
Advertisement
Follow us on Facebook
Comment Policy
| Please be sure your comments are appropriate before submitting them. Inappropriate comments include content that: |
| Is libelous |
| Is abusive, harassing, or threatening |
| Is obscene, vulgar, or profane |
| Is racially, ethnically or religiously offensive |
| Is illegal or encourages criminal acts |
| Is known to be inaccurate or contains a false attribution |
| Infringes copyrights, trademarks, publicity or any other rights of others |
| Impersonates anyone (actual or fictitious) |
| Solicits funds, goods or services, or advertises |
| The St. Petersburg Times does not edit posts but reserves the right to delete comments that violate our policy. |