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Single Family Homes Decreased Inventory - Pinellas County Florida

By Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional

Real Estate Agent with Charles Rutenberg Realty NAR 274504721

February 26, 2013 01:00 AM

Single family homes have decreased in available inventory here in Pinellas County Florida and this graph, courtesy of Florida Association of Realtors, says it all!

Beginning with 2008 and continuing through the end of 2012, the pink graph shows how many single family homes have closed here in our county.

The second graph, in green, shows the median sales price. As you can clearly see, prices are coming back up again!

single family home sales 2012-2011

Now that bottom graph, in blue is the one that is driving buyers absolutely crazy! It shows the total available single family home inventory. Prices are going UP and sellers are aware of it. If they can hold off selling, everyone is doing just that. When a home comes on the market, it doesn't last long with an inventory that low. The days of the buyer's market are GONE.

If you are interested in getting on board and finding something here in the Clearwater, Palm Harbor, Dunedin or Tarpon Springs area, give me a call today to discuss your plans.

Re-Blog

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Roy Kelley

Retired - Gaithersburg, MD

Home buyers that delay their purchase decisions will likely face a smaller selection of available properties. Now is the time to buy a home in Florida.

Feb 26, 2013 01:16 AM

Fred Hernden, CMI

Superior Home Inspections - Greater Albuquerque Area - Albuquerque, NM

Albuquerque area Master Inspector

I have noticed a difference in the number of vacant homes I am inspecting now vs the past year. Most of them are occupied now.

Feb 26, 2013 03:03 AM

Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

That is all terrific news Barbara Jo. When there's a shortage people tend to buy "before they're all gone".

Feb 26, 2013 03:13 AM

Will Nesbitt

Nesbitt Realty at Condo Alexandria - Alexandria, VA

Nesbitt Realty is a family-run brokerage.

Barbara Jo it sounds like your a FL real estate expert, interesting news about the single family homes decreased inventory in Pinellas County. Keep up the good work!

Feb 26, 2013 03:39 AM

David Burrows

Classic Realty - Fairfax, VA

No Pressure, Just Seriously Devoted to Real Estate

Barbara Jo, great post today with excellent information in reference to the decrease in inventory with S/Family homes. It does appear prices are rising. Thanks for sharing the information.

Feb 26, 2013 04:32 AM

Robert Bob Gilbert

Berkshire Hathaway HomeServices Anderson Properties - Katy, TX

Your Katy TX ( West of Houston) Real Estate Expert

Barbara Jo,

I am happy to hear your news about the market in your area. we are experiencing the same situation as inventory of resale homes is very low and prices are rising fairly quickly. Buyers had a nice ride but that maybe over for awhile.

Feb 26, 2013 04:51 AM

Lisa Von Domek

Lisa Von Domek Team - Dallas, TX

....Experience Isn't Expensive.... It's Priceless!

Hello Barbara-Jo,

Wonderful to see Florida's inventory down and prices going up - your market is returning!

Feb 26, 2013 10:26 AM

Florida Tolbert Team Keller Williams Advantage

Keller Williams Advantage III Realty in Lake Nona - Orlando, FL

Keller Williams Land Luxury Division Specialist

We hear you loud and clear. I am actually even getting multiple offers on rentals now.

Feb 26, 2013 11:48 AM

Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Slowly but surely, most markets are showing more and more improvement. All this news means better values, which will bring more possible sellers and buyers into the market place.

Feb 26, 2013 05:59 PM

Frank Laisch

Orlando, FL

"The Insurance Guy"

Barbara-Jo, the inventory graph has really decreased. with less inventory. I am sure many would be sellers will now want to list their homes and make the move

Feb 26, 2013 08:46 PM

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

This is happening across the country, Barbara-Jo. Until prices rise considerably for folks to be able to gain some equity, I don't see any big changes.

Feb 26, 2013 08:53 PM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Barbara-Jo, that last graph DOES show quite clearly how the low inventory is affecting the buyers! Great visual!

Feb 26, 2013 09:45 PM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

Great information Barbara-Jo. Buyers have to start realizing that the market is changing and now is the time to buy...

BTW, Thanks for the reblog on our Techie Tuesday!

Feb 26, 2013 11:43 PM

Al Raymondi

Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL

Ormond By The Sea Florida - Home and Condo Sales

We have a much lower inventory here too Barbara-Jo and if a buyer snoozes he looses.

Feb 27, 2013 12:09 AM

Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional

Charles Rutenberg Realty - Clearwater, FL

Palm Harbor, Dunedin, Clearwater, Safety Harbor

thanks for all of the comments on the changes in the market!

Feb 27, 2013 04:21 AM

Single Family Homes Decreased Inventory - Pinellas County Florida

Comments(16)

Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional

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