Tampa Real Estate Update –Throughout Tampa Bay Home Sales See Best October in Four Years
Tampa Bay home sales had their best October in four years! According to recent data from the Florida Association of Realtors real estate sales in Hillsborough, Pinellas, Pasco, and Hernando counties totaled 2,758 in October, the month’s highest sales number since October 2005. This excellent progress in the Tampa Bay real estate market is largely attributed to first-time buyers purchasing sharply discounted homes while taking advantage of the $8,000 first-time home buyer tax credit. However, this positive rise was not restricted to the Tampa Bay area. According to an article from the St. Petersburg Times , all 19 Florida metro areas reported year-over-year gains in home sales. This greater number of home buyers was also seen nationally with interest and activity increasing throughout the country. Foreclosure and pre-foreclosure homes made up close to half of all sales in October. In addition to the activity from the first-time home buyers, Florida has also seen a great deal of recent...