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The Duncan Duo & Associates blog

Tampa FL Real Estate Blog - The Duncan Duo & Assoc. at RE/MAX Dynamic

By The Duncan Duo | Broker in Tampa, FL

mpa Real Estate Stats - Home Sales & Inventory February 2012 GTAR - The Duncan Duo

Tampa Real Estate Stats - Home Sales & Inventory February 2012 GTAR - The Duncan Duo

Hello Tampa Bay -

This past week, The Greater Tampa Association of Realtors released the monthly real estate stats for February 2012 in Tampa. You can download the stats in their entirety by clicking here. We continue to see significant signs of improvement in the Tampa Real Estate market especially in the mid and lower price ranges with the luxury market showing some signs of improvement but not as significant. Below are the basics of the monthly stats with a historical perspective next to them to put them into context.

  • Total Monthly Home Sales = 1581 (less than last February, 11% higher than January 2012)
  • Average Sale Price = $151,158 (up nearly 6% from Januarym and more than 10% over last February)
  • Average Days on Market = 104 (typical over past years)
  • Inventory on Market = 5.4 months (Lowest in last 5 years)

As i've been indicating on our radio show Sundays on 970AM WFLA at 10am, i believe we're starting to see appreciation in certain price segments and markets because of the lack of inventory. This is somewhat short term as more foreclosures that continue to hit the market will have an impact on that. The good news is that this is a great sign the worst is passed and our real estate market is makign positive strides towards a more balanced market. Not as many homes hitting the market and prices improving definitely lead towards that analysis.

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