According to residential sales data reported in the Tampa MLS between April
26th and May 25th, 2012, the number of houses sold in the
Tampa Bay area continued to climb despite the falling number of homes available
for sale in the Tri-County area.
Nearly 4000 properties closed during the 30 days tracked, a number not seen
since 2006. More sales, coupled with a limited inventory, are beginning to
drive home prices up in many areas.
The number of active homes for sale in Tampa and the surrounding areas fell
for the 18th straight month. Currently, the supply of homes in the Tampa
Bay is under 4 months based on sales. In January there was a 7 month inventory.
How quickly things turn.
Of the homes available for sale, a little over 18% are short sales and 6%
are bank owned properties.The foreclosures in Tampa Bay still sell within days
of being listed for the most part and many are purchased for more than the
Financing issues for buyers and low appraisals continue to be a problem, but
there are enough home buyers out there that even with deals falling thru, sales
continue their upward climb.
The Monthly Stats:
Pending sales increased for the 5th month in a row.
60% of the homes under contract are short sales.
762 of the 7800+ Short Sales under contract last month closed, down from
Bank owned properties available for purchase are rose slightly-up for the
third month in a row. The number of foreclosures is nowhere near what it was
this same time last year don nearly 36%.
Purchase of Foreclosures in Tampa and surrounding communities were about the
same as they were last month as is the number that are currently under contract
and scheduled to close.
Short Sales accounted for 19% of all
home sales over the 30 day period tracked and REO(Bank Owned) properties
accounted for 16%. That’s down significantly from this same time last year and
indicates that Tampa Bay real estate market continues to move in a positive
Tony Delgado-Tampa Bay’s Agent-RE/MAX Bay to Bay-Tampa,