The Greater Tampa Association Of Realtors reported home sales of 1429 units for April of 2009. This number was up from the previous month and is the second highest number of sales recorded since December 2006. Market inventory dropped to 16,127 homes (11.29 months of inventory), the lowest level since October 2007 when there were 20,942 homes for sale in the Tampa Bay area.
We're seeing a good deal of activity in the under $300,000 price range. And while luxury buyers are snapping up some of the bargains above above $1 million, the $500,000 to $1 million range is still very sluggish.
