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Tampa Bay homes sales rise in January

Tampa Bay home sales last month grew 18 percent over January 2012, and prices rose 11 percent, extending local optimism for a housing recovery, Multiple Listing Service data show.

Nearly 2,200 homes sold across Hillsborough, Pinellas, Pasco and much of Hernando counties, at median prices of $130,000, data show. About 500 condos sold for a median price of $68,000.

Home sales and prices last month slid from December, which Realtors said is part of a yearly holiday hangover. But they remained boldly above January 2012, and many of the months since the market crashed in 2006.

Foreclosure and short sales of homes at prices lower than the owner owed the bank accounted for more than 40 percent of Tampa Bay home sales, MLS data show.

Times staff

Tampa Bay homes sales rise in January 02/11/13 [Last modified: Monday, February 11, 2013 9:17pm]
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