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Wednesday, Jul 23, 2014
Business News

Tampa Bay home prices buck national trend


Published:

Home prices in the Tampa Bay area bucked the national trend in November, continuing to rise even as a national home price index fell slightly.

Home prices in the Tampa region rose by 0.2 percent between October and November, according to the Standard & Poor’s/Case-Shiller 20-city index.

That puts the region in the minority of cities in the index, because 11 of the 20 metro areas in the index saw price decreases and the overall index fell 0.1 percent.

The national index had risen for nine consecutive months before the November dip. Over a full year’s time, the Tampa area’s home prices rose 15.7 pecent.

An official with the S&P’s index committee said the national index is not adjusted for seasonal variations, so the monthly decline partly reflects slower buying in the late fall as temperatures drop.

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