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

September overall sales for the Tampa Bay area are down by about 14% over August 2011. That’s not great news but put into the larger context, there are far fewer properties for sale. Year-to-date sales are still over 12% higher than this time last year with September 2011 sales being 6.5% higher than September 2010.

The number of properties for sale has declined consistently and significantly throughout the year. The Tampa Bay area started the year with over 16,000 residential properties for sale and in September there were less than 10,000 properties on the market. Months inventory is still less than 6 months. That is half of where the market was the beginning of the year.

The average sales price for September 2011 is approximately 1.5% higher than August. The higher end of the market is showing some strength.

If you want statistics or any information for your particular neighborhood, just let me know. Please contact me if you are considering selling your home. We can discuss if it is the right thing for you.