Pinellas County home sales okay in May
They could be worse. Pinellas County home sales, I mean. In May of this year, 971 homes sold in Pinellas. In May 2008, sales were 941. That's a modest rise of 3.2 percent.
The median sales price declined 20 percent in that May-to-May period, from $175,000 to $140,000. The statistics come from the Pinellas Realtor Organization: Download Pinellashomesales.
The Pinellas report follows last week's Hillsborough County home sales report for May. Hillsborough showed wilder swings in sales and prices. While Hillsborough home sales were up 9.4 percent in May - nearly three times the rate of Pinellas - prices dropped much further at 32.5 percent.
Single family home listings continued to decline in Pinellas. They stood at 6,910 in May. The peak was 11,003 listings in February 2006. Condo listings have also shrunk, but not as dramatically.
(Un)Real Estate offers a peek at the housing market usually reserved for insiders. While it focuses on the Tampa Bay area, it won't neglect dipping
into the rest of Florida and beyond. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
What does PRO consider as "normal" in terms of months worth of inventory?
(this is not a current market health question, given the distressed mix)
Posted by: Frank Lee | June 16, 2009 at 02:55 PM
We all are hoping for better home sales in June and July. Maybe the tax credit will help. I am staying positive. Our Home Inspection business is up 25%. Many of the guys that didn't have the customer base we do have fallen off the radar.
I am going to place your link on Twitter so others can follow your blog.
David Founder of
HomeInspectionsServices.org
Posted by: DHI Home Inspection | June 18, 2009 at 08:03 PM