The Tampa area’s housing market keeps looking up, with prices for single-family homes rising nearly 15 percent in the first quarter.
Florida Realtors, the industry’s chief trade group, released its market report Thursday for the first three months of the year. The Tampa Bay metropolitan area had 8,216 single-family home sales, up 18 percent over the same quarter last year.
The median home price, meantime, was $135,000 during the first quarter, up 14.9 percent over last year. Condo and town home sales in the Bay area also are faring better these days. During the quarter, 2,985 multifamily units changed hands at a median price of $85,000. That was a 5.6 percent increase in units sold and a 12.6 percent jump in price.
While prices are rising in the Bay area, local homes are relatively inexpensive when compared with the state overall. Statewide, the median sale price of a single-family home in the first quarter was $153,000, up 13.4 percent over the year.