“Home sales fell across the country last month, but in Florida they took a dramatic nosedive, according to numbers released by state and national Realtors’ groups Wednesday. Sales of existing single family homes fell 5 percent nationally, 33 percent statewide and 45 percent in the Tampa Bay area in July compared with the same month a year ago. Sales of existing condominiums rose 3 percent nationally, fell 37 percent statewide and plunged 52 percent in the Tampa Bay area.”

This drop sounds comparable to other previously hot Florida markets like Boca Rotan. Anyone left claiming there is not enough housing in Florida to meet demand anymore?

Via St Petersburg Times