How Is The Market In Pinellas County

Dated: May 1 2015

Views: 211



How's the market? This is probably the most common question I get as a Realtor (other than, "What kind of plant is this?"). I want to just say, "Great!" but it's more complex than a one word answer.


"The Market" is split up into sectors divided by price, location, and property type.


A single family house in Seminole under $150,000 has such a low inventory that houses are selling with multiple offers in 1 day.

and

A Gulf-front condo with a view for $500,000 is now listed 20% higher than 18 months ago.

BUT...

A single family home in Clearwater for $400,000 that is newer, updated, and 2500 square feet+ may sit on the market for 30 days with no offers...

The inventory is high in this area, making it a buyer's market in this area.


In general, the price of houses and condos in Pinellas County over the last 18 months is UP $10.41% and projected to continue in a slower upward trend for the next 18 months as well.


That being said, GET INTO A HOUSE NOW if you want to! The sooner you do so, the lower your interest rate -they are at 40 year lows - and the more house you'll be able to afford for the money




 

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