Make us your home page

Tampa Bay home sales tick up; prices remain flat

Tampa Bay home sales continued to grow while prices generally stayed flat, another rocky step toward recovery for the local housing market.

Total sales last month jumped 13 percent since August 2011 to nearly 3,000 homes across Hillsborough, Pinellas, Pasco and Hernando counties, according to data from My Florida Regional Multiple Listing Service.

Conventional sales and short sales of homes at deep discounts accounted for much of that jump, each climbing about 25 percent in a year, data shows.

But their median prices kept level, with conventional homes pulling in $170,000 and short sales earning $106,000.

Both remain far below the local peak of $240,000 in June 2006.

Sales of foreclosed homes dipped 20 percent since August 2011 to just over 500 homes sold, but prices jumped 14 percent to about $83,000.

Foreclosed homes in good condition that are ready to sell are rare and going fast, bumping up their price, real estate agents said.

The sales numbers are particularly impressive given Tampa Bay's low numbers of houses, townhouses and condos for sale. Hillsborough County had about a three-months supply of homes in July, half the size of what is known as a healthy market, according to the Greater Tampa Association of Realtors.

It's also taking less time to finish a deal for a home, data shows, with the number of days between offer and closing dropping 12 percent since last August. It took about 80 days to close on a conventional or foreclosed home last month.

Short sales, which are often delayed by banks, remained just as slow as last year, taking more than seven months to close.

Drew Harwell can be reached at or (727) 893-8252.

Tampa Bay home sales tick up; prices remain flat 09/07/12 [Last modified: Friday, September 7, 2012 9:19pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Starbucks to close all Teavana locations, including five in Tampa Bay


    Local Teavana locations include Tyrone Square in St. Petersburg, International Plaza and Westfield Citrus Park in Tampa, Brandon and Clearwater.

    Starbucks announced Thursday plans to shut down all 379 Teavana stores, citing "underperformance." Starbucks acquired the mall-based tea chain for $620 million in 2012. [ CANDICE CHOI | AP file photo]
  2. Trigaux: Closing Iron Yard coding school hits area tech hard but leaders talk of options


    The coming shutdown this fall of the Iron Yard software coding school in downtown St. Petersburg — announced this month as part of a national closing of all 15 Iron Yard locations — remains a shocking event to a Tampa Bay technology community that dreams big of becoming a major player in the Southeast if not …

    In better days last fall, friends and family of graduates at The Iron Yard, based in the Station House in downtown St. Petersburg, applaud during "Demo Day" when grads of the coding school show off their skills. Despite the local success and strong job placement by the coding school, The Iron Yard is closing all of its 15 locations across the country this summer. [LARA CERRI   |   Times]
  3. U.S. economy gathers steam in second quarter


    WASHINGTON — The U.S. economy revved up this spring after a weak start to the year, fueled by strong consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief.

    A government report released Friday showed economic output picked up in the second quarter. 
[Associated Press file photo]
  4. Founder of Tampa home sharing platform questions Airbnb, NAACP partnership


    TAMPA — A Tampa rival to Airbnb, which was launched because of discrimination complaints on the dominant home sharing platform, has concerns about the new partnership between Airbnb and NAACP announced this week.

    Rohan Gilkes poses for a portrait at his home and business headquarters in Tampa. 

Innclusive, a Tampa-based start-up, is a home-sharing platform that focuses on providing a positive traveling experience for minorities. [CHARLIE KAIJO | Times]
  5. Appointments at Port Tampa Bay and Tampa General Medical Group highlight this week's Tampa Bay business Movers & Shakers



    Port Tampa Bay announced that Jamal Sowell has been named director of special projects. Sowell, a former member of the U.S.Marine Corps, will support internal, external and special projects, assist the executive team with management oversight and serve as a liaison on a variety of port …

    Port Tampa Bay announced this week that Jamal Sowell has been named director of special projects. [Handout photo]