Bay area home prices defy trend

Business: Bay area home prices defy trend

Statewide and nationwide, the housing boom shows signs of winding down. But in the Tampa Bay area, prices keep climbing.

The median resale price among single-family houses rose 4.9 percent locally to $225,700 last month, up from $215,200 in September. By comparison, the median – or midpoint – price throughout Florida fell 2.7 percent to $241,000, down from $247,800. It was the state’s second such decline in three months, according to a survey by the Florida Association of Realtors.