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Pinellas County, Florida, is still a Buyers’ Market. The odds of selling a home or condo this month are even lower than the last couple of months. On the other hand, the average price has gone up for both single family homes and condos. Perhaps, as Forbes Magazine indicated, we’re on the upside of the V.
|
Single Family Homes |
|
|
|
||
| Time Period |
# of listings |
# of sales |
Months of |
Average Price |
Odds of being |
|---|---|---|---|---|---|
|
July 2007 |
9,198 |
541 |
17 |
298,100 |
5.9% |
|
June 2007 |
9,111 |
682 |
13 |
296,700 |
7.5% |
|
May 2007 |
9,102 |
602 |
15 |
288,800 |
6.6% |
|
Condominiums |
|
|
|
||
| Time Period |
# of listings |
# of sales |
Months of |
Average Price |
Odds of being |
|
July 2007 |
8,614 |
319 |
27 |
257,100 |
3.7% |
|
June 2007 |
8,954 |
356 |
25 |
224,600 |
4.0% |
|
May 2007 |
9,066 |
378 |
24 |
261,700 |
4.2% |
Especially here in Florida, some months are more inclined to have sales than other months, so here’s a comparison of July 2007 with the past 2 years, as above using statistics from the Pinellas Realtor Organization.
|
Single Family Homes |
|
|
|
||
| Time Period |
# of listings |
# of sales |
Months of |
Average Price |
Odds of being |
|---|---|---|---|---|---|
|
July 2007 |
9,198 |
541 |
17 |
298,100 |
5.9% |
|
July 2006 |
9,549 |
825 |
12 |
300,000 |
8.6% |
|
July 2005 |
2,552 |
1,314 |
2 |
319,000 |
51.5% |
|
Condominiums |
|
|
|
||
| Time Period |
# of listings |
# of sales |
Months of |
Average Price |
Odds of being |
|
July 2007 |
8,614 |
319 |
27 |
257,100 |
3.7% |
|
July 2006 |
6,194 |
299 |
21 |
233,100 |
4.8% |
|
July 2005 |
1,486 |
648 |
2 |
294,200 |
43.6% |
We recently read that the Tampa Bay area is the #1 best place to buy in the U.S. right now. Take advantage of good choices while prices and interest rates, though both increasing, are still low.
