Thursday, November 1, 2012

Pinellas Condo Sales & Prices Surge in September



The lack of inventory has been the biggest news in the Pinellas County real estate market. Up until now the inventory shortage hasn’t had much of an effect on the market. For the last several months there have been steady increases in sales.

In the condo market sales were up 11% and the median sales price surged by almost 14%, or $12,500. This is most likely due to a 22% drop in active listings over the last 12 months. Pending sales increased by 13% and the month’s supply of inventory dropped by almost 3 months or 31%.

Source: Pinellas Realtor Organization

Condo Sales Skyrocket 22 Percent in August



Active inventory has continued its decline for the 20th straight month from January of 2011and down by 30% from last August.
In the condo market sales were up 22% from August 2011 to August 2012. 

Source: Pinellas Realtor Organization

Condo Sales Continue To Rise in July



Pinellas County Real Estate Statistics for July 2012
Residential sales were up just over 17%. Median sales prices were up 4.5% from $114,000 to $120,000 from July 2011 to July 2012. Listings continued to slide by almost 30% for the same time period.
Condo sales were up almost 16% with the median sales price increasing by about 2.5% from July 2011 to July 2012. Condo listings fell by 25% pushing down the month’s supply of inventory to 6 months.