TAMPA – The sales pace of existing homes in the Tampa metropolitan area held steady from April to May and rose 20 percent in May from a year ago.
Also, May’s median sales price showed little change from last year, the Florida Realtors association said Tuesday.
Both are seen as strong signs of stabilization of the area’s fragile housing market.
It was uplifting news compared with data from the National Association of Realtors, which showed sales falling 2.2 percent nationwide from April to a seasonally adjusted annual rate of 5.66 million in May. The drop led some experts to question whether the housing market may be on the verge of another plunge that could weaken the broader economic recovery.
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