Tampa condo sales, prices fall as market stagnates

Several signs indicate the market for condominiums in Florida is stagnating, according to real estate technology company Redfin, which released a report showing Tampa among the cities in the Sunshine State experiencing a downturn in the condo market.

Active condo listings increased by 57.2% in Tampa in July compared with a year ago, according to Redfin.

While more listings were available, pending condo sales decreased by 18.9% and condo sales overall fell by 8.1% year-over-year, the real estate company reports.