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Tampa Bay home sales drop between 32% to 44%

January 3, 2023 - According to a recent report by real estate platform Redfin, luxury home sales plummeted by 44% in the Tampa Bay metro area this year. Sales for non-luxury homes dropped by 32.3%. Both statistics topped the national average. The Redfin report stated that inflation, high-interest rates, a stock market downturn and recession fears were factors in home sales losing momentum this year.

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