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JulisHouse prices in Tampa Bay according to the Greater Tampa Association of Realtors statistics Have been what I call "bouncing the bottom" since January 2009 (using the average sale price) as follows:January- 160,775February- 158,032March- 165,292April- 154,126May- 162,560June- 170,160July- 176,411August- 164,775September- 164,929October- 156,320November- 164,385Unlike January 2008-October 2008 when average sale prices were dropping 10-20,000 per month, 2009 has seen a stabilizing of prices. Remember the media is behind the market, and the market is behind the indicators. The "smart money" jumped in the market last year and negotiated huge discounts, which drove prices down quickly. Tampa Bay has gone from a 25 month inventory to just an 8 month supply since January of 2008. The traditional marker for a switch from a "buyers market" to a "sellers market" is the 6 month inventory indicator. If you are a buyer, don't wait for the media to tell you when to jump . . . It will be too late!Lisa SpencerBroker Associate, CRS, GRI,e-ProKeller Williams Realty
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For Sale: $95,000
For Sale: $415,000
For Sale: $249,000