13,918! 

The average number of homes that sell every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report is 13,918. NAR reported that home sales have increased 15.2% over the year before and is now at 5.08 million annually. If one takes that number and divides it by the number of days in a year, it averages that 13,918 homes sell every day.

Here are the numbers in the St Petersburg-Tampa Bay area of Florida:

3,411 is the number of all-cash sales of homes, townhomes and condos under $200,000 in first half of 2004

2,181 is the number of all-cash sales of homes, townhomes and condos under $200,000 in first half of 2008

10,614 is the number of all-cash sales of homes, townhomes and condos under $200,000 in first half of 2013

63% of these sales of under $200,000 were bought with cash in first half of 2013

25% of homes sold last year were to first-time buyers in Florida

So to me the real estate market here in the St Petersburg-Tampa Bay area is looking good.

Sources: My Florida Regional Multiple Listing Service, National Association of Realtors, Florida Realtors

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