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Home Sales and Prices Jump in December

TAMPA BAY TIMES 
New Year's Eve rang in another rebounding month for Tampa Bay's housing market, where home sales jumped 18 percent over December 2011, Multiple Listing Service data show.

Last month's single-family median home prices also jumped 12 percent over the past year, continuing a steady climb out of the wreckage of the housing crash.

 

2012 marked the year when diving prices finally pivoted up, rising 10 percent from 2011, MLS data shows.

The typical time it took for homes on the market to come under contract dropped in 2012 to about six weeks, the lowest it's been in six years. That's a sign that the tight local housing supply is leading buyers to jump at good deals.

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