Inventory is
still low and prices have inched higher. Many investors who have been
sitting back waiting for the best possible deal may have missed the boat. These
investors will be starting to feel the pressure to buy before prices increase
further.
Single
family active listings are down 27.19% from December of 2011, but the average
sales price for single family active listings is up 15.72%. Active condo
listings are down 20.02% from December 2011, but the average sales price for
active condo listings is up 8.7%.
The lack of
inventory, low interest rates and slowly rising prices are set to create the
perfect storm.
Source: Pinellas Realtor Organization
Source: Pinellas Realtor Organization
