Shrinking supply of Tampa Bay condos and townhomes drives up prices

Published April 24, 2018

Sales of condos and townhomes in the Tampa Bay area jumped 9.5 percent in March, hitting a median of $156,000.

The price gain was prompted in part by a supply shortage, with sales down 7.5 percent amid a dwindling inventory. Statewide, sales also lagged slightly while prices rose 7 percent to a median of $183,000.