South Tampa Real Estate Report

South Tampa Real Estate Market Report | 07/02/23 - 07/08/23

We're halfway through '23, so it's time for a mid-year comparison of South Tampa market stats. These stats are the averages of all price points and property types from Jan. 1 through June 30 of '22 and '23.

# Sold - 1439 ('22) vs. 1367 ('23) represents a 5% decrease in the number of properties sold

Avg. Sale Price - $870K ('22) vs. $884K ('23) represents a 1.6% increase in average sale price

Avg. Sale Price/SF - $401.87 ('22) vs. $410.87 ('23) represents a 2.2% increase in average sale price per square foot

Avg. DOM - 20 ('22) vs. 44 ('23) represents a 110% increase in the average days on market

As you can see, other than a slight decrease in sales volume and an increase in the time it takes to sell a house, the South Tampa market has remained stable for the first half of '23. Have a great week!

Michael Palermo

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