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 sale prices and months supply of inventory. The Average Sale Price for Single Family Homes rose 1.7% from $337,348 in March 2018 to $343,150 in March 2019. The Average Sale Price for Townhome/Condo was $316,268 in March 2019, up 42.7% from $221,579 in March 2018. The Months Supply of Inventory for Single Family Homes increased 25.0% year-over-year, with a 3.0 Month Supply this March, as compared to a 2.4 Month Supply in March 2018. The Months Supply of Inventory for Townhome/Condo rose 20.7% at 3.5 months in March 2019 from 2.9 months in March 2018.

March Real Estate statistics

The Median Sale Price for Single Family Homes was up by 6.0% from last year, at $265,000 for March 2019 versus $250,000 for March 2018. Dollar Volume for Single Family Homes saw a 5.8% decrease from $429.4 million in March 2018 to $404.6 million in 2019. The Median Time to Contract for Single Family Homes was up 11.1% from 27 days in March 2018 to 30 days this March. The Median Time to Sale for Single Family Homes was 66 days this March, with no change from 66 days in March 2018. New Listings for Single Family for March 2019 were 1,479, up 4.8% from March 2018 at 1,411. The Active Listings for Single Family Homes rose 22.9% from 2,683 in March 2018 to 3,297 in March 2019. Closed Sales for Single Family were down 7.4%, with 1,179 in March 2019 versus 1,273 in March 2018. Paid in Cash sales for Single Family decreased 8.7%, from 355 in March 2018 to 324 in March 2019.

The Median Sale Price for Townhomes/Condos was $169,950 for March 2019, up 6.9% from $159,000 in March 2018. Dollar Volume for Townhome/Condo increased 54.1% year-over-year, with $180.4 million in March 2018 compared to $278.0 million in March 2019. The Median Time to Contract for Townhome/Condo market was 34 days in March 2019, up 17.2% from 29 days March 2018. The Median Time to Sale for Townhome/Condo market was 72 days in March 2019 and 64 days in March 2018, up 12.5%. New Listings for Townhome/Condos for March 2019 were at 1,056, up 10.5% from 956 in March 2018. Active Listings for Townhomes/Condos were up 25.9% from 2,127 in March 2018 to 2,678 in March 2019. Closed Sales for the Townhome/Condo segment increased 8.0% year over year, at 814 in March 2018 versus 879 in March 2019. Paid in Cash sales for Townhome/Condo increased 5.7% from 460 in March 2018 to 486 in March 2019.
Information provided by Pinellas Realtor Organization.