Tampa, FL - Local Housing Data - Summary

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Tampa, St. Petersburg, Clearwater, FL

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Tampa, FL Local News

  • Metrostudy’s Brad Hunter Talks Housing Recovery

    During an appearance on Bloomberg Radio’s Bloomberg Surveillance, Metrostudy chief economist Brad Hunter said the housing recovery remains tentative but that there are some bright spots.

  • Gaining Ground With Land Strategies

    Small to mid-size firms find success by building on lots overlooked by big builders or infill, forming relationships with land owners, and finding capital partners.

  • Tampa, FL - December 2013 - New Home Closings Figures Signal Market Rise Slowing

    New home sales climbed in December. The percentage of new home closings belonging to single family homes rose, climbing 5.1% percentage points. Average prices of new homes moved up, rising 15.1%. The percentage of new home closings belonging to attached homes dropped, falling 5.1% percentage points.

Prices of New Homes Increase in Tampa, Sales Decrease According to Latest Data

Posted on: Apr 06, 2014 07:42:42 AM

In the Tampa, FL market in January, closings of new homes slid year-over-year, sliding down after a hike in December 2013. New home closings saw a 17.7% decline from a year earlier to 283. This came after a 9.6% rise year-over-year in December.

A total of 5,900 new homes were sold during the 12 months that ended in January, down from 5,961 for the year that ended in December.

Out of all housing closings, new home closings represented 5.2%. A year earlier, new home closings accounted for 6.2% of total closings. Following a year-over-year rise in December, closings of new and existing homes slid year-over-year in January.

Pricing and Mortgage Trends

In January, the average price of newly sold homes climbed year-over-year to $280,596 per unit, a 22.4% bump. This boost is better than the 15.3% gain in December year-over-year.

There was a surge year-over-year in the average mortgage size on new homes along with new home prices. In January 2014, average mortgage size grew 16.1% from a year earlier to $238,643. Average mortgage size increased 13.4% in December 2013 from a year earlier.


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