Tampa Bay fared better than Florida as a whole in October homes sales but the gains weren’t as impressive as in some previous months.
Year-over-year sales of single-family homes rose 8.7 percent in Hillsborough and 6 percent in Pinellas, but inched up less than 3 percent in Pasco. Hernando actually saw a drop with 6 percent fewer sales this October compared with last.
One explanation for the less-than-spectacular results: fewer homes to choose from. All four counties had far fewer active listings last month than they did in October 2014.
“It’s all an inventory issue,” Charles Richardson, senior regional vice president of Coldwell Banker, said Monday. “Closed sales are going to follow inventory — if there’s less to be sold, there’s less to buy.”