South Tampa Real Estate Report

South Tampa Real Estate Market Report | 08/16/20 - 08/22/20

I always emphasize how real estate is hyper-local...what may be trending in the South Tampa real estate market may be totally different than the Pinellas County beach market. However, there are times when trends occur on a much broader, national scale. According to data released last week by the National Association of Realtors, nationwide existing home sales for July '20 were up 8.7% over July '19 and median home prices rose 8.5% from July '19 to an unprecedented $304,100.00. NAR noted that prices "rose in every region" of the U.S. Median home prices in South Tampa rose 5.57% over July '19 to $607,000.00. Stay safe and have a great week!

Michael Palermo

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