House gross sales within the Tampa Bay space improve by nearly three% in August

The variety of single-family properties offered within the Tampa Bay space in August elevated 2.eight% over the identical month final 12 months, in response to Florida Realtors' gross sales information.

The median worth – that’s, the midpoint of the vary – for these properties has risen 5.9% from one 12 months to the following to achieve $ 250,000. On the state degree, the variety of closed gross sales elevated three.2% and median gross sales costs elevated four.2% to $ 265,000. Single-family dwelling gross sales nationwide elevated 2.9% from August 2018, with a median nationwide promoting worth of $ 280,700.

"The favorable job prospects in Florida, the final low unemployment fee of three.three% (in July) and the energy of the financial system are optimistic developments for the housing market in Florida. that state, "Florida Realtors president Eric Sain informed the group's month-to-month gross sales abstract. "On the identical time, low mortgage rates of interest proceed to spark homebuyers' curiosity in coming into the market."

Gross sales of condominiums within the Tampa Bay space rose 5.5% year-over-year in August, at the same time as condominium gross sales dropped 2.9% general. The median worth for a condominium offered within the Bay Space final month was $ 170,000, up 6.three% from the identical month final 12 months. By comparability, the median worth of condominiums was $ 190,000 on the state degree and $ 257,600 nationwide.

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