Tampa Existing Home Sales Rise in March 2010

Tampa Real Estate Market/National Real Estate Market

Tampa Existing Home sales for the month of March were up.  The numbers came in at 2,782 homes sold from 2,050 in February, which is a nice 21% increase.  From a sales price perspective the median sales price was $131,400, which was down 3% from last year, but up month over month from February’s number of 128,100

National Sales of Existing Home (Single-Family & Condo) for the month of March.  The numbers came in at an annual adjusted rate of 5.35 million up 6.8% from a level of 5.01 million in February.  The March 2010 numbers came in about 16.1% above March 2009 numbers.  It seems that coming expiration of the Home Buyer credit, set to expire at the end of April, was the primary driver.

Our Perspective:  While existing home sales improved for during March from February due to the home buyer credit, we feel this will continue going into the summer months.  Summer is typically a strong selling season and we should continue to see improvements through August.

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