Tampa Bay’s existing home sales skyrocketed in March to levels not seen in nearly five years. Maybe even better news for homeowners is that average sale prices also rose last month in several area counties.
Sales of previously occupied homes in Pasco, Pinellas and Hillsborough counties jumped nearly 32 percent, from 3,258 in February to 4,296 in March. The sales increase and price jumps raise hope that the housing market is healing from the wounds left by a faltering economy and a deluge of foreclosures.
The St. Petersburg Times analyzed figures from the Greater Tampa Association of Realtors and the Pinellas Realtor Organization prior to statewide and national numbers being released today.
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