South Tampa Real Estate Report
South Tampa Real Estate Market Report | August 2022
August '22 South Tampa real estate market stats are in and they just may surprise you. August '22 averages across all price points are: $956,989 (average sale price); $431.00 (average sale price per square foot); and 26 (average days on market). Compared to August ’21, average sale price increased 32.45%, average sale price per square foot increased 31.00%, and average days on market increased 8.33%. Total sales for August '22 (207) represented a 32.6% decrease from August '21 (307). Average sale price and average sale price per square foot show that home prices in South Tampa are decelerating, not declining...more on that in next week's South Tampa Market Snapshot. Days on market and total sales indicate demand has waned and market activity is returning to pre-pandemic levels. Have a great week!
Michael Palermo
