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Tampa Home Prices Continue To Show Signs Of A Bottom
September 30th, 2008 categories: Real Estate Market Reports
The Case-Shiller Home Price Index for July 2008 was released today. Tampa’s Case-Shiller number was basically the same as it was for June. In other words, according the the CS Home Price Index, Tampa home prices in July fell little, if any, from the June levels. And this trend of a flattening in the decline of Tampa home prices goes back to April when the big declines started to wane.
The 1st quarter of 2008 saw, without a doubt, the biggest month to month decreases in the Tampa index. But since then, we’ve seen much smaller decreases. And July’s decrease of only .04 was the lowest drop in the Tampa CS Index since the decreases began in August of 2006. The chart above represents the monthly CS Tampa numbers since its peak back in July of 2006.
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