For the month of March the single family market continues to be the strength of the market.  While single family sales are down 3.1% from March 2011 to March 2012, sales are up almost 32% year to date, and the median sales price is up nearly $12,000 year to date.  There was 21% increase in year over year sales in the condo market and as well as a 54% increase in month over month sales.  However...

The decrease in listings has continued in February and is starting to get to concerning levels.  Active inventory shrunk and non-distressed properties continue to increase their lead. Just over 21% of available homes are short sales and foreclosures, a full 6% decrease over last February. According to Leon Sarkisian, 2012 PRO Chairman of the Board, and realtor with Prudential Tropical Realty, pro...

WASHINGTON – March 14, 2012 – Statistics from the National Association of Realtors, Pew Research, Nielsen, and other sources shed some light on the modern real estate customer – information that agents can use to connect with prospects and grow their business. The number of first-time buyers fell to 37 percent in 2011 from 50 percent in 2010; and the average buyer is older at 45 years, compa...

The first month of 2012 saw a continued decline in active inventory. Compared to 2011, there was an overall decrease of 33%, a decrease of 27% on non-distressed properties, and a decrease of 48% on short sales and foreclosures. Foreclosures alone are down 56% from last January. Click here to read more. ...

The same story keeps repeating itself in the local real estate market.  Listings are down for both the condo and single family market.  There does appear to be more strength in the single family market versus the condo market.  For all of 2011 the median sales price for condo’s dropped by $13,000 even while listings have been at five year lows and sales have increased by 7.4% from December 20...

The real estate market in Pinellas is in its usual holiday slow down.  The most important trend for the month is the increase in bank-owned pending contracts with the corresponding decrease in non-bank owned contracts written in both single family and condo markets. Condo bank-owned listings under contract year to date are up 7.6% and non bank-owned listings under contract are down 7.9% year-to-d...

As the holiday season approaches, we are seeing the usual end of year slowdown in sales. The same trends we have seen for the last few months are continuing in October. Overall, listings are continuing to drop.  In the single family market there was a small month to month increase in median price.  The median sales price for condos fell to its lowest point so far this year, something that happen...

The real estate market for Pinellas County was rather measured. Listings continue to drop, however the year over year sales figures are still up. From month to month sales are down slightly, but that is to be expected as the summer buying seasons winds down. The threat of increased foreclosures from banks also continues to hang over the market, though there were no significant increases in lis pen...

The housing market in Pinellas County for August has been relatively calm. It appears that the real estate market is looking for news of a recovery or a double recession. Listings across the board continue to fall, and prices are rising, albeit slowly. Distressed property (bank owned and short sales) listings have been steadily declining since January this year. Comparing to August 2010, they are...

July 2011 real estate statistics are sure to be a surprise for many. Pending sales are down almost 6% compared to June 2011, and listings continue to fall. The decrease in pending sales is somewhat of a concern because these pending contracts would normally turn into sales in the next two to six months. Local brokers indicated that a slowdown towards the end of the summer as children go back to sc...