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Tampa: Home Prices Soaring, Housing Supply Remains Low

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CNBC reporter Diana Olick revealed on Thursday that, despite the short supply of housing in Tampa, Fla., the area is currently experiencing a surge in home prices.

According to Olick, who referenced the Greater Tampa Association of Realtors, the median price for a home sold in Tampa in May jumped 12.4 percent from a year ago to $204,000.

Similarly to the rest of the country, however, the number of homes on the market in Tampa remains low, with inventory down nearly 5 percent from 2014.

Image via flickr/Sonny Side Up!

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