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Tampa area home sales were up by 23 percent in February, the biggest jump we have seen since September 2005.

While the 1,856 sales recorded by Realtors in February is a recent high mark, they still pale next to the 3,771 homes that closed during February in the peak year of 2005.

We have buyers taking advantage of the lower prices and interest rates. The average price of a home fell by 27%.
The properties that are selling the most are the foreclosures and approved short sales.