dave-maggie
Dave and Maggie Smith
CRB, SFR, CLHMS, Realtor
Chairman’s Club Broker
Associates, RE/MAX MetroTop 1% of Realtors – Pinellas  County 2012 & 2013
(727) 573-2727
DaveandMaggie.com

Pinellas County continues to see a rise in year over year average sale prices and months supply of inventory. The Average Sale Price for Single Family Homes rose 6.6% from $334,814 in April 2018 to $357,070 in April 2019. The Average Sale Price for Townhome/Condo was up 10.2% from $236,321 in April 2018, to $260,436 in April 2019. The Months Supply of Inventory for Single Family Homes increased 11.5% year-over-year, with a 2.6 Months Supply last April, as compared to a 2.9 Months Supply this April. The Months Supply of Inventory for Townhome/Condo rose 13.3% at 3.0 months in April 2018 to 3.4 months in April 2019.

Pinellas County Real Estate Statistics for April 2019

The Median Sale Price for Single Family Homes was up by 6.8% from last year, at $252,750 for April 2018 versus $269,950 for April 2019. Dollar Volume for Single Family Homes saw a 4.6% increase from $409.8 million in April 2018 to $428.5 million in 2019. The Median Time to Contract for Single Family Homes was up 18.5% from 27 days in April 2018 to 32 days this April. The Median Time to Sale for Single Family Homes was up 9.1% from 66 days last April to 72 days this April. New Listings for Single Family for April 2019 were 1,380, down 4.8% from April 2018 at 1,449. The Active Listings for Single Family Homes rose 7.7% from 2,955 in April 2018 to 3,184 in April 2019. Closed Sales for Single Family were down 2.0%, with 1,200 in April 2019 versus 1,234 in April 2018. Paid in Cash sales for Single Family decreased 10.9%, from 303 in April 2019 versus 340 in April 2018.

The Median Sale Price for Townhomes/Condos was $165,000 for April 2019, down 2.9% from $170,000 in April 2018. Dollar Volume for Townhome/Condo increased 9.1% year-over-year, with $205.4 million in April 2018 compared to $224.0 million in April 2019. The Median Time to Contract for Townhome/Condo market increased 33.3% from 30 days in April 2018 to 40 days April 2019. The Median Time to Sale for Townhome/Condo market was 70 days in April 2018 and 75 days in April 2019, up 7.1%. New Listings for Townhome/Condos for April decreased 8.0% from 928 in 2019, versus 1,009 in 2018. Active Listings for Townhomes/Condos were up 16.5% from 2,250 in April 2018 to 2,622 in April 2019. Closed Sales for the Townhome/Condo segment decreased 1.0% year over year, at 860 in April 2019 versus 869 in April 2018. Paid in Cash sales for Townhome/Condo decreased 12.7% from 435 in April 2019 versus 498 in April 2018.

Information provided by Pinellas Realtor Organization.