Nothing to cheer about: July housing numbers

Okay, July existing home sales numbers are in. While far from stellar, they could have been worse.

According to the Florida Association of Realtors, Tampa Bay area single family home sales dropped 28 percent year over year, from 2,871 to 2,068. Condos sales showed less of a drop, falling 5 percent, from 569 to 543.

Local median sales prices fell 7 percent on single family homes, but rose 3 percent for condos.

Here's a chart showing single family homes sales broken down by Florida metro areas. Here's a related chart showing condos.

Keep in mind that year-to-year drops in sales will probably appear less dramatic as the year progresses. We've reached the point where we're measuring 2007 against the weak tail end of 2006.

ONE FUNNY NOTE: Naples Realtors refused to release their numbers to the state association. Naples got singled out last year as the most overpriced real estate market in the United States. You're not trying to hide something, are you Naples?

Comments

[john]

Looks like Tampa Bay lead the state in the number of transactions. Which makes me feel better since I am trying to sell my house and escape this state.