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Hillsborough home sales inch up as prices plunge
By Times Staff Writer
St. Petersburg Times
Published: Dec 10, 2008

Despite the much-ballyhooed financial collapse this fall, Hillsborough County home sales limped along just fine in November. They rose 6 percent, to 1,036 from 977 in November 2007. The same can't be said of average home prices, which fell with a thud the past year. The year-to-year drop was 27 percent, from $250,282 to $182,313. Distressed properties, provided they were priced low enough, drove the sales rise. More than 300 of the 1,036 sales — 30 percent — were all-cash deals. The sales figures, released Wednesday by the Greater Tampa Association of Realtors, also take in parts of east-central Pasco County.



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