2. REGIONAL BUSINESS ENVIRONMENT AND ECONOMIC DRIVERS
// HOUSING SALES
TRADITIONAL
FORECLOSURE (REO)
SHORT SALE
Q4 2015
% CHANGE Y-O-Y
CLOSED SALES
8,707
17.6
MEDIAN SALES PRICE
$198,500
5.0
CLOSED SALES
1,643
-33.1
MEDIAN SALES PRICE
$115,300
16.7
CLOSED SALES
371
-38.9
MEDIAN SALES PRICE
$130,000
6.1
// HOUSING SALES BY COUNTY
HERNANDO
COUNTY
Median sales price
$125,000
Number of closed sales
837
PASCO
COUNTY
• The median sale price in the Tampa Bay area
is currently $178,500 for a single-family home,
10.3 percent higher than this time last year.
• With increased in-migration, inventory in the
market is moving significantly faster than it
did just one year ago. The median number of
days houses are on the market has decreased
by 24.0 percent to 38 days. Further, the
homes taking longer than 45 days to sell are
on the more expensive side of the spectrum,
listed for $400,000 or more.
• Sale prices are being propelled upwards in
Median sales price
part by the decreasing share of distressed
properties on the market. The number of
closed short sales and foreclosures has
decreased by 38.9 percent and 33.1 percent
year over year, respectively, while the number
of traditional non-distressed sales has
increased by 17.6 percent.
$160,000
Number of closed sales
2,348
PINELLAS
COUNTY
• As the housing market continues tightening,
Median sales price
there is currently just over a three month
supply of inventory in the market, 23.6 percent
less than the 4.3 month supply in the market
this time last year.
$183,750
Number of closed sales
3,284
HILLSBOURGH
COUNTY
Median sales price
$205,000
Number of closed sales
4,252
2016 TAMPA PULSE // 19