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Tampa Bay’s home prices continue to climb in a seller’s market
Tampa Bay’s spring-summer home selling season got off to a strong start in April though it was again better news for sellers than buyers.
With single- family homes still in short supply, the median price jumped nearly 12 percent year-over-year to $190,000. But sales rose just 3.8 percent.
How tight is the supply and how high is the demand? In Pinellas, the median time from listing to contract plunged 30 percent — from 40 days last April to just 28 days this year. That means “buyers can continue to expect a very competitive market,” David B. Bennett, president of Pinellas Realtor Organization, said in a statement.
All four bay area counties showed solid price gains. Hernando led the way at 20 percent, to $138,000, followed by Pinellas, up 11 percent to $200,000; Pasco, up 10.4 percent to $170,000 and Hillsborough, up 6.4 percent to $207,545.
In Hillsborough, the market “is very steady and across the board, whether it’s luxury homes or bungalows”
