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As of May 27, 2011 there are 16,999 active listings in MLS for all residential properties in Pasco County, Hillsborough County and Pinellas County. Additionally, there are 5,706 under contract. Over the past 12 months, total sales = 21,456 with a median living area of 1,417 sf and $105,000 median sold price. However, the average is 1,603 sf home with an average sale price of $151,283. That is a large discrepency and due to the majority of sales selling are distress short sales or REO's. 

Of the 16,999 active listings, 5,188 are listed as a short sale or REO. Of the 5,706 under contract, 3,937 are short sales or REO's. As you can see, this is a much larger percentage. Of the 21,456 sales 9,859 are short sales or REO's. 

With the above number of home sales in the Tampa Bay area, we have 9.5 months inventory.

Over the last 90 days there have been 10,769 single family homes entering the market vs the same period last year of 7,093 listings.

There have been 7,097 sold listings over the past 90 days vs 6,837 same period last year. 

Looking at a typical 3 bedroom, 2 bath home between 1,200 - 2,100 sf in the past 90 days: