Your July 2019 South Tampa Real Estate Market Update

Each month we bring you our South Tampa Real Estate Market Update by providing you with the key data points that drive the real estate market.  Here are the numbers for June 2019.

143

HOMES SOLD

$575k

MEDIAN PRICE

3.12

MONTHS OF INVENTORY

52

DAYS ON MARKET

3.75%

INTEREST RATES

In today’s South Tampa market update, we’ll discuss the trends we’ve seen as of July this year.

In the general market, the number of homes sold in July was 143, which is a 14% drop over the same month last year. The median home price of $575,000 was up by 8% over last year’s median price—$532,450. Additionally, inventory was up by 14% compared to last year, leaving us with 165 new homes on the market, or 3.12 months of supply.

Our days on market, or the number of days it takes on average to sell a home, was slightly lower than last year; we went from 60 days on market to 52—a 13% drop.