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Single-family home sales flat

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  • | 4:08 p.m. August 11, 2011
  • Tampa Bay-Lakeland
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Two of the Gulf Coast's largest real estate markets — Tampa-St. Petersburg-Clearwater and Sarasota-Bradenton — saw no significant change in the number of single-family homes sold in the second quarter of 2011 compared to last year.

In Tampa Bay, 8,428 homes were sold in this year's second quarter, compared to 8,402 units during the same three months a year ago, according to Florida Realtors. In Sarasota, 3,085 units were sold this year, compared to 3,098 last year.

Both markets saw declines in the median price for those homes that were sold: down 10% in Tampa Bay, to $121,500, and down 6% in Sarasota, to $157,000.

The Fort Myers-Cape Coral market saw a 6% slowdown in the volume of homes sold, but the median sale price showed significant growth, up 19% over the year to $117,100.

Condo sales increased by volume in each of the three markets, but while prices fell in Tampa Bay and Sarasota, Fort Myers saw its median sale price increase 8%.



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