Welcome to this month’s Tampa Bay, Florida area real estate market report. What are single-family home prices like in one of the hottest markets in the country? Read this helpful report to find out.
Are you looking for a home to buy in Tampa, Florida? Start your search with our free search tool to find homes by price, size, location, and more! Be sure to save your favorite properties and sign up to be notified as soon as new listings become available so you don’t miss out!
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Tampa Bay Housing Stats
The median sale price for single-family homes in Tampa, Florida ended the month of June at $300,709, a year-to-year increase of 20.3%. For the year single-family home prices are ahead of where they were one year ago, up 17.1% from $242,500 to $283,900.
There were 3,967 attached single-family homes sold last month a year-to-year increase of 38.17% from 2,871.
The average sale price for attached single-family homes ended the month of June at $314,302, up 16.86% from $268,946 at the end of the previous June.
A total of 15,053 detached single-family homes sold in Tampa during the month of June, an increase of 18.63% compared to the 12,689 sold the previous June.
The average sale price for detached single-family homes in Tampa, Florida at the end of June was $405,617, a year-to-year increase of 27.81% from $317,352.
There were 19,087 properties that closed during June, an increase in closing activity of 22.3% compared to the previous June.
For the year closing activity is well ahead of last when the Covid situation slowed real estate activity, up 34% from 78,276 closings to 104,896 at the end of June.
There was a slowdown in pending activity this June, the total pending was 20,468, down 8% from one year ago. However, for the year pending activity is up in Tampa, from 112,179 to 141,039 at the end of last month.
A total of 18,555 new listings were offered in the Tampa area last month, a year-to-year increase of 11.2%. So far this year there have been 106,881 new listings offered, up 7.1% from 99,759 one year ago.
Overall there are 12,108 active listings at the end of June in the Tampa real estate market, this is a drop of 61.56% from the 31,499 active listings the previous June.
Homes in Tampa are on the market for an average of 21 days before being sold, a decrease from 55 days on market before being sold last June.
What Does This Mean For Buyers?
If you are looking for a home in one of the most competitive housing markets, have financing in place and be ready to act as soon as a property is found.
Buyers must be prepared to eliminate must-have features if necessary, do what it takes to make your offer stand out!
Give us a call today at (813) 489-9798 and we’ll help you find the perfect home.
What Does This Mean For Sellers?
As interest rates remain low and buyers relocate to Florida, expect strong demand for housing to continue. Sellers who might have been waiting should take the opportunity to get their property listed today.
Give us a call today at (813) 489-9798 and we can get your home listed, priced accurately, and sold as quickly as possible!