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Cities With Least Realistic Home Prices

Tampa, Fl.

  • Median listing price: $139,900
  • Median sales price: $135,500
  • Discount: -3%

Tampa took a heavier hit on home values than Jacksonville during the recession, says Frankel. As such, property prices took longer to recover. While investors, second-home buyers and retirees are slowly coming back into the Florida market, more of the activity is in larger cities like Miami, Frankel says. But the rise in asking prices in Tampa shows that it’s shadowing the recovery of some larger markets, he says.

There have been signs of life in the market, but they’ve been spotty, says Willy Culkar, an estate agent in Lipply Real Estate in Clearwater, Fla. “One month it seems like we’re improving and the next we’re not,” he says. And inventories in the Greater Tampa Area are about half of what they were 12 months ago. “Good properties are going quick,” he says.

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