Home Prices Increase, as Inventory Declines

Median home prices in Seminole Heights and across the Tampa metro area are up by 12.7 percent over March 2012, reports the public data website, Department of Numbers.

As of March 11, 2013, the median asking price of homes was about $169,000, compared with $149,900 a year ago.

Inventory is down, meaning buyers do not have as many houses to choose from and sellers are more able to get the prices they want.

According to the Department of Numbers, there were about 18,529 single family and condo homes listed for sale in March 2012. The inventory of homes is down by  15.8 percent, another sign of a recovery under way in the residential real estate market.

If you're interested in checking out the vintage homes in the Seminole Heights neighborhood, consider joining the Seminole Heights 15th Annual Home Tour, which is Sunday, April 7, from 11:30 a.m.-5 p.m. It gives the public (and prospective buyers) a chance to see the historic bungalows that have made this community so appealing to professionals and families. (For more information, visit the Old Seminole Heights Neighborhood Association website.)

Now for a closer look at the March asking price and inventory data for the greater Tampa area from the Department of Numbers:

Recent Asking Price and Inventory History for Tampa