Home Prices on the Rise: Has the Clearwater Market Stabilized?

There’s good news on the real estate front throughout America and right here in the Tampa Bay area. But, do you think the trend applies to Clearwater?

After years of stagnation, real estate analysts are finally reporting some good news on the home front.

According to Bloomberg, home prices rose more than analysts initially thought they would year-over-year in July.

“The S&P/Case-Shiller index of property values in 20 cities increased 1.2 percent from July 2011, the biggest 12-month advance since August 2010, a report from the group showed today in New York,” Bloomberg reported.

Analysts anticipated a 1.1 percent gain. While that .1 percent might not seem like a lot, it’s translating to seemingly good news in the Tampa Bay area.

The Tampa Bay Times reported that local home sales were up 12 percent in July over reports from July 2011. The median sales price also grew by 8 percent, bringing that number to $130,000.

Do you think the Clearwater housing market is following the trend? Post a comment below and share your thoughts.

rick barasso September 26, 2012 at 12:30 PM
Oh oh Mitt


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