March Breaks Records with Most Tampa New Homes Sold in 7 Years
If you are looking for more proof that the Florida housing market is improving, then look no further than Tampa. In March, more than 3,100 Tampa new homes were sold in Hillsborough, Pinellas, Pasco and Hernando counties. Not only is this number a 7 percent increase from March 2012, but it is also the busiest month for home sales since May 2006.
In addition to the record breaking sales, March saw an increase in home prices according to the Tampa Bay Times and data from My Florida MLS. The average home price for March was $150,000 which is a 22 percent increase from March 2012.
Two-thirds of the Tampa home sales in March were traditional home sales, meaning they were not foreclosures, which is a great sign of economic improvement. Resale homes are going under contract in about a month and low inventory is creating a demand for new homes. Florida home builders, such as Highland Homes, have started new construction in order to keep up with that need.
Highland Homes currently builds affordable new homes in 6 communities throughout the Tampa Bay area including several brand new communities. With more than 40 floor plans available and prices from the low-$100,000s, buyers are sure to find the perfect home for their family. To make purchasing your dream home even more affordable, qualified buyers can purchase their home for only $99 down.
In addition to Tampa, we build beautiful homes in Orlando, Lakeland and Winter Haven. For more information on all of our Tampa and Central Florida communities, visit the Highland Homes website today!