Pinellas County Florida Housing Market Statistics for December 2010

The Pinellas County, Florida housing market statistics for December 2010 are in, and the news is mostly positive. For those not aware, Pinellas County is where the cities of Clearwater, St. Petersburg along with many of the best beaches in the country such asFort DeSoto, Egmont Key,  St. Pete Beach, Clearwater Beach, Sand Key, Madeira Beach, Treasure Island and many more are located.

The best way to compare single family housing statistics is to compare one month with the same month from a year ago rather than from one month to the next. This is due to numbers being skewed by holidays and seasonal differences.

Comparing December 2010 with December 2009 we find the number of single family homes for sale increased 3%, while the number of homes under contract increased 25.5%. The homes under contract normally become the future sold homes, so there are some bright signs for the not too distant future. Finally, the number of homes sold in December increased by 8% year over year, also a good sign.  Overall the housing statistics for Pinellas County are quite positive. As we go through a few months of 2011 we will see if the sales continue.

Of course after the rough winter in most of the country, who would not want to live where the beaches are so beautiful, and the weather is so nice?

There is just over 8 months of inventory, which is down 5% from the previous year, so in Pinellas County even the months of inventory is headed in the right direction.

Sales prices declined another 8.5% over the past year. The one negative for the Pinellas County Housing Market.

The old saying about Real Estate being local is so true. Many zip codes in Pinellas County had very positive housing numbers, while some were negative. For buyers and sellers, it is important to have a Tampa Realtor who knows the differences for each area.

We also have housing market statistics for Hillsborough County and Pasco County as we specialize in the three main counties surrounding the Tampa, FL area including homes on or around Tampa Bay, the Gulf of Mexico and beautiful lakes of the area. For those who are buying or selling a home in the area, we of course go over the statistics for the specific area down to the zip code and neighborhood, and our Competitive Market Analysis will give you precision pricing you can feel comfortable with.

For all your real estate needs, we can be reached at 727-238-5528 or 813-388-9253.