October was a great month for the Tampa Bay housing market as sales jumped and prices rose. Nearly 2,900 homes sold in October, a 35 percent increase from October of 2011, and the median sales price rose nine percent to $133,000.
This progress is part of a nationwide surge as American home prices rose five percent in September, the biggest yearly increase since 2006. Other positives measures of the Tampa Real Estate market include fewer sales of foreclosures, with 27 percent more conventional sales this year, higher prices, and less time on the market.
As homes sell, inventory is dwindling which means that builders are beginning more construction of new homes in Tampa. Thousands more permits to build single-family homes across Tampa Bay have been pulled this year, according to U.S. Census Data, and at Highland Homes it’s no exception. In the first 10 months of 2012, home sales in Hillsborough County were nine percent higher compared to the first 10 months of 2011. To fill the need for Tampa new homes, we recently announced that Southwind in Hillsborough County is now accepting sales and will be grand opening soon. Homes in this Tampa community are priced from the $130,000s and buyers have 20 home designs to choose from featuring 1,452 to 2,389 square feet of well-designed living space.
New communities, such as Southwind, will allow Tampa buyers to purchase a new home at an affordable price. Highland Homes offers several new home communities throughout the Tampa area with homes priced from the low-$100,000s. To make purchasing the home of your dreams even more affordable, qualified buyers can move into their new home for only $99 down.
The Florida housing market is seeing lots of positive growth, so now is the perfect time to purchase a new home. In addition to the Tampa area, Highland Homes also builds Lakeland, Orlando and Winter Haven new homes. For a full list of locations and more information on our beautiful new homes, visit the Highland Homes website today!