Tampa Palms, Westchase, Carrollwood and Tampa Bay Real Estate News From Jeanne Prigitano

November overall sales for the Tampa Bay area are down once again by approximately 8% over October 2011. This is a bit misleading because inventories are continuing downward with 7.5% fewer properties for sale in November over October 2011. Months inventory has remained stable over the last 3 months at 6 months and relatively stable hovering between 5.5% to 6.8% since March of this year. Sales were still almost 8% higher in November 2011 over November 2010 and over 13% higher year-to-date.

Average sales price continues to decline. Sales price is down by approximately 3 % over October. However, average sales price is still up by 8.5% since January 2011. There was a huge spike in June of this year, thus showing a decline for subsequent months.

Next month I will give you the analysis and my impressions for the year that was and outlooks for 2012. In the meantime, have a Joyous Holiday Season.