Wednesday, February 15, 2012

Sales Rise. Supply of Unsold Condos Falls to Low Level.

As existing home sales have risen in recent months and the supply dwindles, the overall inventory of condos for sale in Tampa Bay has sunk to levels not seen for years. The lower the supply, the stronger the market.

Pinellas County has less than an eight month supply of unsold condos, meaning it would take about eight months to sell the condos currently on the market.

Pinellas County sales jumped from 4,956 in 2010 to 5,893 in 2011, nearly a 19 percent increase.

Please call Sharon or Kim at BeachWay for more information. 727.397.4524

Source: Tampa Bay Times 2/14/12