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

Last month, I pointed out some statistics that indicated the Tampa area was headed towards a Housing Recovery (see the previous post about Tampa Housing Recovery). Well it appears that the July indicators are not as good as June.

The number of houses sold in July is only 1486 down from the 2000+ houses sold in June. As I mentioned, a normal market is about 6 months worth of inventory. Currently, the supply of houses is at a 9.4 month supply. Even the average sale price dipped slightly to $165,000. Looking at the numbers at face value, the positive indicator is the current inventory of 13,960 houses down from 14,373 and a steady decline month over month.

Of course I found these numbers a bit disturbing. So, I decided to look a little further. I went back to 2006 and found that, in every year, the month of June posted the highest number of houses sold for the year. Except for last year, June also posts the highest average sales price for the year.

Although the numbers (reported by Mid Florida Regional Multiple Listing service) did not appear to go in a positive direction, it really may not be a setback. Year after year, seasonal trends have been consistent. Maybe that small light at the end of the tunnel is not another train.

As always, local numbers even within the area may be different. If you’d like statistics and analysis of your particular zip code or subdivision, just let me know.