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Pinellas County Housing Statistics for May

By
Real Estate Agent with Coastal Properties Group Intl - Christie's Intl Real Estate

Here are the facts of the local Real Estate Market for May in Pinellas County


Absorption Rate 12.5% (Inventory Turnover. The percentage of homes selling in any given 30 day time-frame.) 
What does this mean to you??? You have an 87.5% chance of your home not selling in the next 30 days unless your house shows the best and is priced properly. Sounds harsh but it's the truth. For Condos it's 9.1%. (You do the math...it's not pretty)

Total Listings in Pinellas MLS = 11,645
Total Residential Sales in May = 1,275

Single Family Homes Median Home Price = $139,000
2 Bedrooms $95,000
3 Bedrooms $145,000
4 Bedrooms $260,000

Condo Median Home Price = $119,000
 Price by bedrooms not available for Condos.

Interesting Facts
37% of homes sold in 1-30 days last month
64% of homes sold in less than 90 days
(if it's priced right it sells quick)

Over 52% of sales were CASH (yes I said cash)

If you are thinking of buying or selling real estate feel free to call me.

Thanks,
Fred

-- 
Fred Collis - GRI, CDPE, SFR
Graduate Realtor Institute
Certified Distressed Property Expert
Short Sale & Foreclosure Resource Certified 
Keller Williams Gulfside Realty
Belleair and Clearwater Beach
fred@fredcollis.com
727-637-5160 Cell
727-216-9279 Office
727-489-0801 Fax

www.FredCollis.com
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Who do you know thinking of Buying, Selling, or Investing in Real Estate? Refer them to me I will take great care of them I promise.