Mighty March saves the day in Hillsborough housing market
I like the ring of these statistics released this week by the Greater Tampa Association of Realtors:
- Home sales up 16.5 percent from March 2009 to March 2010, from 1,526 to 1,778.
- Average home sales price bumps up to $161,846. That's still lags prices from a year earlier and in late 2009. But prices tracked upward from recent lows in January and February.
- The inventory of unsold homes, at 7.7 months, is the best it's been in 4 years. This is slightly deceptive - a not-so-hidden inventory of pre-foreclosure homes sits on the sidelines, threatening to flood the market with more el cheapo rooftops.
Here's a chart from the Realtors with a four-year perspective. Remember that they include sales from east/central Pasco County in their calculations: Download Gtarmarch10
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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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