Wednesday, March 7, 2012

Here it is! Tampa Bay Area numbers for the last quarter including February 2012 . . .
Once again, it ain't pretty.


 Hillsborough County 
                  Total Active                    Sold for month                          Sold Last Year 
Dec-11      5,991                                   1,355                                          1,402 
Jan-12       5,616                                   1,062                                          1,121 
Feb-12      5,326                                   1,196                                          1,282 

 Pinllas County 
Dec-11      7,946                                    1,278                                          1,363 
Jan-12       7,729                                      985                                              794 
Feb-12       7,466                                   1,099                                           1,141 

 So February was better than January by a dab. Both counties showed an 11% increase in units closed. Still its 7% less than last year. Homes listed for sale are still decreasing. That's a trend that has persisted. We are still seeing Foreclosed properties make up 15% of the market and short sales about 20%. The balance is traditional homes for sale. The statistic that really pops out at me is in Hillsborough County the pending sales is just about equal to al the active homes for sale. Very strange number. I wish I knew what it means. Pinellas has a 3 to 1 ratio actives to pendings. Regardless what conclusions I can draw, this is not a healthy market.

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