Tampa-St. Pete existing home sales up 11% in October – Tampa Bay Business Journal

Existing single-family home sales in the Tampa-St. Petersburg-Clearwater market were up 11 percent in October as sales prices become more manageable for the typical buyer.

The Tampa-St. Pete area closed on 2,021 homes in October compared to 1,814 a year ago, and was below the 15 percent average statewide, according to numbers released Monday by the Florida Association of Realtors. Median sales prices were down 26 percent from $205,600 in October 2007 to $152,300 last month.

via Tampa-St. Pete existing home sales up 11% in October – Tampa Bay Business Journal:

The Best Day of the Year to Buy Real Estate | About.com

I would say every day especially in this market, but I guess not. Spread the word!

When is the best time of the year to buy a home? There are at least two days of the year that give buyers the edge. Would you like to guess which two days are best for buying a home?

Every spring, as tulips struggle to poke through melting snow in the North and rosebuds cautiously open in Southern climes, sure as tootin’ real estate signs begin multiplying like bunnies across the country. Soon as the For Sale signs are mounted on the posts, swarms of activity buzz in the streets as sellers, buyers and real estate agents crawl out from wherever they hibernated for the winter to welcome the spring sales season.

There is nothing like a spring real estate market. Offers fly over FAX machines and cell phones ring constantly. Everybody wants a deal, and everybody wants to sell. Typically the marketplace is flooded with inventory. There is more on the market in the spring than any other time of the year.

Read the rest here: Best Time To Buy a Home – When is the Best Time to Buy a Home? – The Best Day of the Year to Buy Real Estate

Tampa sees increase in existing home sales – Tampa Bay Business Journal

Existing home sales in the Tampa Bay area went up in the third quarter compared to a year ago, as home sales statewide experienced an upswing.

Tampa, St. Petersburg and Clearwater had 6,502 existing single-family homes close through the third quarter, up 10 percent from the 5,913 sold in 2007. That was double the state average of 5 percent, although its median value drop of 19 percent to $169,700 was more in line with the drop through the rest of Florida of 20 percent, said the Florida Association of Realtors.

via Tampa sees increase in existing home sales – Tampa Bay Business Journal:

Sales Of New Homes Rise 2.7%: TBO.com

Although this article doesn’t hold back on the negativity, it does make a great comparison the the existing home market which also saw an increase of just over 5% last month as well. The great news is the that the inventory that is moving is exactly what is “clogging” the market. Existing homes, foreclosures, short sales, etc., are moving making room for demand across the board. The new home builders will be the ones to drive back up the median home prices once the existing public inventory starts dwindling away which is exactly what we need to get homeowners back their equity.

WASHINGTON – Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years, the Commerce Department reported Monday.

Sales of new single-family homes rose by 2.7 percent last month to a seasonally adjusted annual rate of 464,000 homes, Commerce said. Economists had expected sales would drop from the August level.

The median price of a new home sold in September declined by 9.1 percent from a year ago to $218,400, the lowest since September 2004, a period when home prices were rising rapidly as the country experienced a five-year housing boom.

The surprising increase in September sales still left them 33.1 percent below the level of a year ago as the country is battered by the worst slump in housing in decades.

The report on a rise in new home sales followed news last week that sales of existing homes rose in September by 5.5 percent, the largest monthly gain in more than five years.

via Sales Of New Homes Rise 2.7%

TBO: GTAR – Hillsborough Home Sales Up Slightly In September

There were 1,345 sales, up from 1,327 sales in August, according to the Greater Tampa Association of Realtors. The inventory of unsold homes slowly is dwindling, the association said. It would take 14.21 months to sell all the homes on the market, at the current selling pace.

via Hillsborough Home Sales Up Slightly In September

Tampa, St. Petersburg flatten existing home sales – Tampa Bay Business Journal

Sold last month in Tampa, St. Petersburg and Clearwater were 2,154 homes, exactly the same number as were sold the year before, according to the Florida Association of Realtors. That bucked the statewide average of a 4 percent decline that has brought Florida’s existing median sale price to $186,900 compared to $234,100 a year ago.

Tampa, St. Petersburg flatten existing home sales – Tampa Bay Business Journal:.