Florida real estate data shows 'normalized' market
By Staff Report
Tampa Bay Business Journal
Published: Jul 23, 2014

The latest housing report from Florida Realtors covering the month of June shows the number of sales and sale prices on the rise in Tampa Bay.

Closed real estate sales rose by 7.5 percent compared to June 2013 and the median price of single family homes rose 2.4 percent to $162,250, the Tampa Tribune said. The price of condos and townhomes that sold rose 9.6 percent from the same period in 2013 to $111,281.

"I think the June report is super reflective of our local market,” said Tony Gonzalez, a Tampa residential real estate consultant and Realtor for Keller Williams.

"The institutional buyers - the hedge funds buying everything to turn them in to rentals - and the cash buyers have gone. We're heading back to a normalized market, where before, those things were driving the market we had a very low inventory and if you did put something on the market, it sold right away.”