Pinellas County Real Estate Continues To Hold Strong For 2015

Dated: October 22 2015

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Pinellas County real estate continues to hold strong for 2015. 

  • Average sale price for a single family home was $256,543 in September 2015, up 15.1% from lastSeptember

  • The average sale price for townhome/condo was $189,862, up 1% from $187,954 a yearago. 

  • The number of closed sales for single family and townhome/condo combined for September2015 was 1,863, up 13.8% from 1,637 in September 2014, and down just slightly from August 2015(1,888). 

  • Median sale price for single family was $190,000, a huge 15.2% increase over $165,000 lastSeptember. For the townhome/condo segment, median sales price was $120,000, up 9.1% over ayear ago. 

  • Median days on market was also a bright spot, at 49 for single family (versus 50 lastSeptember), and 57 for townhome/condo (versus 63 last September). 

Inventory remains low for single family, with a 3.4 month supply as compared to a 4.6 supply inSeptember 2014. Active listings for single family and townhome/condo combined were 6,591, down8.8% from 7,224 in September 2014. New listings are up 3.1%, at 2,204 versus 2,138 last September.The Consumer Financial Protection Bureau’s (CFPB) new loan estimate and closing disclosure rulestook effect October 3, with little fanfare. Experts are anticipating any issues that may arise presentingthemselves in November, December and January. 

- Pinellas Realtor Organization

Representing more than 6,000 members, the PINELLAS REALTOR® ORGANIZATION is one of theTampa Bay area’s largest professional trade associations.

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