As Inventory Drops, Tampa Home Prices Increase

Tampa Gay Real EstateLast week, real estate research firm Altos Research released its real-time housing market update, which showed data through August 2011. According to the report, the Tampa real estate market is one of the strongest in the country right now. At the monthly level, anyway.

A significant reduction in housing inventory has given a boost to home prices in the Tampa area. In fact, the Florida city was a standout in both of these areas:

The Tampa real estate market saw the biggest drop in housing inventory, from July to August. Inventory dropped by 9.87% during that period. This is a noteworthy change, since the inventory had been growing prior to this reporting period.

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