The South Tampa real estate market has experieced a 22.4% increase in the average sale price of homes, year-over-year, despite a 17.7% decrease in sold listings according to a recent real estae report from Palermo Real Estate Professionals.
“October ’21 averages across all price points are: $735,077 (average sale price); $342.00 (average sale price per square foot); and 25 (average days on market).”
South Tampa real estate agent, Michael Palmero explains.
“Compared to October ’20, average sale price increased 22.44%, average sale price per square foot increased 24.82%, and average days on market decreased 57.63%. Total sales for October ’21 (241) represented an 17.75% decrease from October ’20 which is expected given continued limited inventory.”
This Market Report has been provided by