Contracts Bottom in Tampa Bay Real Estate Market

There were 4,882 homes sold in the Tampa Bay market over the last 30 days, but 4,287 contracts were executed. This marks the lowest amount since January, and could be a sign that the market is approaching a low. Hillsborough County led the way, with 1,894 contracts executed on its own. Months of inventory in the Tampa Bay Metro Area was flat at four but prices came down, as the median sales price dropped to $180,000.

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Demographic facts for the Tampa Bay Metro Area:

  • This area has a rating of 58 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 275.4 for every 100,000 people.
  • The health cost index score in this area is 92.3. (100 = national average)
  • 80.2% of the residents travel to work in an automobile, 9.6% via carpool, and 1.5% by way of public transit.

Data reported through 10/19/2016

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