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Tampa Area Home Sales Soar to Highest Level Since 2006

In the Tampa-St. Petersburg-Clearwater metro area, the number of existing single-family homes sold hit 3,267 last month. That's up 17 percent over March 2010, when 2,782 single-family homes sold locally.

More impressively, it's the highest total since the heady days of the mid-2000s. To find a higher figure you have to go back to June 2006, when 3,442 homes sold in the Bay area, according to Florida Realtors data.

Meantime, the number of condominium units sold last month rose to 1,197. That was up 21 percent from March 2010, when 991 condos sold.

According to the Greater Tampa Association of Realtors, Tampa has an inventory of 13,024 homes on the market, or a six-month supply. When things were at their worst, in January 2008, the city had a 25-month supply.

Wade, the Brandon real estate agent, has watched the supply dwindle in FishHawk Ranch. At one time, the east Hillsborough community had 350 homes for sale, but that had dropped to about 125 the last time she checked.

Statewide, the sales figures for existing single-family homes were strong as well.

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