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Tampa Bay home sales not as robust in May as in previous months
For the metro area, which includes Pinellas, Hillsborough, Pasco and Hernando counties, the number of single family homes sold in May rose 11.4 percent from a year ago, but was less than the number changing owners in April. Most of the decline came in Pinellas.
After climbing several months, “home sales have leveled out a bit,” a statement from the Pinellas Realtor Organization said Monday. “Partnered with the recent slight increase in interest rates and decreasing inventory, that’s enough to burst anyone’s bubble talk.”
Total year-over-year sales of single-family homes and condos in Pinellas rose 10 percent, though there were 74 fewer sales than in April.
Hillsborough fared better, with sales of single-family homes rising nearly 15 percent in May. Condo sales inched up a mere 2.1 percent.
Prices, though, were up throughout the Tampa Bay area. They hit a median of $175,000 for a single-family home, $5,500 higher than in April and nearly $20,000 higher than last fall.
