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

As I mentioned last month, I was crossing my fingers waiting to see Tampa Bay’s housing statistics for August following the debt crisis and lowered bond rating. I am very happy to report that the Tampa Bay area is looking good.

Sales for August 2011 were up slightly from July 2011 with fewer houses listed for sale. Average sales price has started to inch up. Sales are significantly higher than this time last year with year-to-date sales approximately 13% higher. Earlier this year, the biggest increase in sales was in the condo and townhome segment. August sales showed that single family homes increased over last year by the same percentage as did condominium sales. Months inventory is at 5 months. Although I still think it is premature to call it a seller’s market, everything is trending in a positive direction.