Tampa Bay area home sales rise nearly 3% in August

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Tampa Bay area home sales rise nearly 3% in August
Tampa Bay area home sales rise nearly in August


The number of single-family homes sold in the Tampa Bay area during August rose 2.8% when compared with the same month last year, according to Florida Realtors sales data.

The median price — that is, the midpoint in the range — for those houses rose 5.9% year-over-year to $250,000. Statewide, the number of sales that closed rose 3.2% and median sales prices were up 4.2% to $265,000. Nationwide, single-family home sales rose 2.9% compared with August 2018, with a median national sales price of $280,700.

Florida‘s favorable jobs outlook, latest low unemployment rate of 3.3 percent (in July) and strong economy are positive trends for the state’s housing market,” Florida Realtors president Eric Sain said in the group’s monthly sales roundup. “Meanwhile, low mortgage interest rates are continuing to spark homebuyers’ interest in entering the market.”

Condominium sales in the Tampa Bay area rose 5.5% year-over-year during August, even as condo sales statewide slumped 2.9%. The median price of a bay area condominium sold last month was $170,000, up 6.3% compared with the same month last year. By comparison, median condo prices were $190,000 statewide and $257,600 nationally.

Tribune Content Agency



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