Tampa Bay Real Estate Market Update for August 2014 - Tampa Home Sales Stats

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Watch as Andrew Duncan talks about the local Real Estate Statistics which he does ever month on The Duncan Duo Real Estate show to update consumers of what's going on in the market.

In this video, he talks about the August statistics from the Greater Tampa Association of Realtors. There is a bump up in the average sale price in Tampa Bay which is now up to $214,000. The highest point it has ever been in over a decade!

There has been a rise month over month of over 2 % - 2425 homes sold just a few homes short of last month's stats but relatively in line with last August's numbers of 2463. He points out that the last 2 August (2013 and 2014) are by far the best 2 Augusts in several years.

Homes on the average are taking about 74 days to sell. They have about 3.9 months worth of inventory. And homes on the average are selling at 97% of the selling price. He explains that the 97% is based on the current listing price since a lot of consumers are inquiring about this.

These numbers vary from neighborhood to neighborhood and price point to price point. The higher you go on price, the more saturation and more homes you see on the market.

He mentions, as he has been talking about this the past couple of weeks on the show, that the million dollar market is making a significant stride. More homes in this bracket are selling and going on the market to get listed, too. He points out that this market sold 24 single family homes and villas in August which is the most he's seen for years!

For more Tampa Bay Real Estate news, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.

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