Tampa Bay Real Estate Market Was the Hottest in September

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The Tampa Bay metro area sustains its upward roll!

The Tampa Bay real estate market sold the most number of single-family homes in September, surpassing the two other popular metro markets, Metro Orlando and Metro Miami, based on data from the Florida Realtors. Sales increased by 7% year-over-year, in stark contrast to the decreased sales in 12 of 21 other metro areas in Florida.

See the rankings of Florida’s 22 metro markets based on number of single-family homes sold in September:

Rank Metro Area Homes Sold Year-over-Year
Increase
 
1 TAMPA-St. Petersburg-Clearwater 4,096 7.0%
2 Miami-Fort Lauderdale-West Palm Beach 3,964 -5.0%
3 Orlando-Kissimmee-Sanford 2,844 0.9%
4 Jacksonville 1,964 -5.7%
5 North Port-Sarasota-Bradenton 1,172 3.9%
6 Cape Coral-Fort Myers 1,005 -6.8%
7 Deltona-Daytona Beach-Ormond Beach 929 -4.6%
8 Palm Bay-Melbourne-Titusville 849 -0.7%
9 Lakeland-Winter Haven 801 8.8%
10 Pensacola-Ferry Pass-Brent 711 10.7%
11 Port St. Lucie 612 -7.4%
12 Crestview-Fort Walton Beach-Destin 565 9.3%
13 Ocala 537 5.3%
14 Punta Gorda 362 -7.4%
15 Naples-Immokalee-Marco Island 354 -16.3%
16 Tallahassee 304 -5.0%
17 Panama City 286 1.8%
18 Sebastian-Vero Beach 240 -6.6%
19 Homosassa Springs 239 -11.5%
20 Gainesville 214 -5.7%
21 Sebring 131 3.1%
22 The Villages 82 15.5%
 
FLORIDA 22,704 -0.5%

The increase rate in median sales price was even higher! It was higher than the statewide average rate of increase. Tampa Bay posted 13.6%; our state posted 11.3%.

See the rankings based on median sale price for all single-family homes sold in September:

Rank Metro Area Median Sale Price Year-over-Year
Increase
 
1 Naples-Immokalee-Marco Island $ 399,588 0.7%
2 Miami-Fort Lauderdale-West Palm Beach $ 319,900 12.1%
3 North Port-Sarasota-Bradenton $ 259,200 8.0%
4 Crestview-Fort Walton Beach-Destin $ 249,500 6.2%
5 Orlando-Kissimmee-Sanford $ 226,000 10.2%
6 Cape Coral-Fort Myers $ 225,164 7.2%
7 Jacksonville $ 218,250 16.2%
8 The Villages $ 214,500 12.9%
9 Port St. Lucie $ 204,900 10.8%
10 TAMPA-St. Petersburg-Clearwater $ 204,340 13.6%
11 Palm Bay-Melbourne-Titusville $ 197,100 15.9%
12 Punta Gorda $ 195,000 22.0%
13 Tallahassee $ 191,450 8.5%
14 Panama City $ 189,000 5.0%
15 Gainesville $ 187,500 4.2%
16 Sebastian-Vero Beach $ 185,900 4.4%
17 Deltona-Daytona Beach-Ormond Beach $ 176,500 11.0%
18 Pensacola-Ferry Pass-Brent $ 169,000 3.8%
19 Lakeland-Winter Haven $ 167,000 11.3%
20 Homosassa Springs $ 140,500 17.7%
21 Ocala $ 137,000 14.2%
22 Sebring $ 121,000 21.0%
 
FLORIDA $ 222,500 11.3%

As you can see in the ranking above, all 22 metro areas increased in median sale prices, with the statewide increase rate of 11.3%. Based on how big the median sale price increased over the year, the following metro areas were on top of the ranking:
1 Punta Gorda — 22.0%
2 Homosassa Springs — 17.7%
3 Jacksonville — 16.2%
4 Sebring — 21.0%
5 Palm Bay-Melbourne-Titusville — 15.9%
6 Ocala — 14.2%
7 TAMPA-St. Petersburg-Clearwater — 13.6%

In the condo market, the TAMPA BAY market posted the second-biggest sales total, second only to the Miami metro market. Here are the top-selling metros in the condo market in September:

1 Miami-Fort Lauderdale-West Palm Beach — 3,543
2 TAMPA-St. Petersburg-Clearwater — 1,307
3 Orlando-Kissimmee-Sanford — 814
4 North Port-Sarasota-Bradenton — 475
5 Jacksonville — 442

TAMPA BAY’s median sale price for condos sold in September was not among the highest, but it registered the 7th biggest rate of increase over the year. These metro areas posted the biggest rates of price increases over the year:

1 Deltona-Daytona Beach-Ormond Beach — 21.0%
2 Palm Bay-Melbourne-Titusville — 15.6%
3 Gainesville — 14.6%
4 Ocala — 13.6%
5 Homosassa Springs — 12.8%
6 Jacksonville — 12.8%
7 TAMPA-St. Petersburg-Clearwater — 12.3%

TAMPA BAY’s median sale price for condos in September was $ 132,500. The statewide median sale price was $ 160,000. While all 22 metro areas posted increases in the median sale price of single-family homes sold, there were six metro areas that posted decreases in the median sale price of condos sold in September.

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