Pinellas County, Florida, still has lots of homes on the market, though less than any other month this year. That doesn’t mean, however, that the reduction in inventory is due to sales. Many property owners are tired of having their homes on the market, unsold month after month, and have taken them off the market to wait for a better time to sell. We’re still advising our clients that if they don’t have to sell, this isn’t a good time to put their home on the market – unless, of course, they stand to make more on a new property than would by waiting to sell this one. Based on data from the Pinellas Realtor Organization, here’s a chart that shows activity over the last 90 days:

It’s also interesting to compare this month to the same month last year, and the year before that.  This takes into account that some months may traditionally have more sales than other months – so you’re comparing “apples to apples”. Here are those charts:

So, while it’s not a good time to sell, it IS a good time to buy. Lots of choices, and rates are still low.