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Pinellas Real Estate Sales as of March 2009

By
Real Estate Agent with Coldwell Banker Realty SL3136605

As Pinellas Realtors, we know that we have challenges ahead.  Yet, as we study the statistics here at the Pinellas Peach, the signs are becoming clearer with each passing month that we are in a slow recovery pattern, at least in terms of the absorption rate.  In fact, within the Keller Williams Realty Palm Harbor Florida office, we've all felt a significant uptick in buyer activity (and truly appreciate those rare days off!).  Want proof? 

Units Sold:  There are more Pinellas condos and Pinellas homes selling now than have since 2007.  Single family home sales were up 19.3% year over year in March.  Condo sales showed a 17% increase over March of last year.   If we had our magic wand, we could tell you if this trend will hold. 

Inventory:  The number of Pinellas homes on the market continues to drop, and were at their lowest point since March of 2006 when we were still in a boom Pinellas Real Estate Market.   The Tampa Tribune reported similar findings in April for all of Tampa Bay.

Absorption Rate (A/R):  The Pinellas County Real Estate absorption rates are higher than they have been since a couple of years.  Yes, folks, you can sell your Crystal Beach Florida homes if you want to! 

Pinellas County Florida Real Estate Sales and Market Analysis March 2009

 

Pinellas Homes and Declining Median Sales Prices:  OK, every silver lining has it's dark cloud.  Prices are still dropping.  Average sales prices are reported in our chart, yet the Pinellas Board of Realtors is reporting that the single family median price dropped 24.5% when compared to March 2008, and condo median pricess tumbled 20.9% during the same period.  Don't dismay, it is still easy to sell your slice of Palm Harbor Real Estate quickly, with this proven home sale strategy in place.

Contact Matt and Julia Fishel, Licensed Real Estate Consultants, at (727)366-0325 (Matt) or (727)366-0324 (Julia) for an in-depth anyalysis of what these Pinellas home sales trends mean for you - whether buying Dunedin Florida homes you dream about or trying to sell your Ozona Florida home