For 8 of the past 9 months, Tampa home sales continue to outshine their performance in 2010. The number of homes selling each month in Tampa has been gaining strength since September 2008, and the August home sales report shows another great month.
There were 18% more homes sold this year in August than August of last year, which has helped reduce the number of homes for sale in Tampa, and the market seems to be gaining each month against the imbalance of real estate supply and demand.
In the graph above, green vertical lines show when a gain in year over year home sales, while red vertical lines show a decline. The measurement of year over year home sales is simply comparing the number of homes sold each month with its corresponding month from the prior year (for example, August 2011 shows an increase when compared to August 2010).