Pinellas County Florida Real Estate Report - The Simms Team @ RE/MAX Metro

Real Estate Market Reports from Sharon Simms

St. Petersburg, Clearwater and the rest of Pinellas County is still in a Buyers' Market. The tipping point is when the inventory is greater than six months, so we're
definitely past that point..The odds of selling aren't any worse than last month, but prices are dropping.

Time Period	# of listings	# of sales	Months of Inventory	Average Price	Odds of being sold this month
Single Family Homes
August 2007	9,141	540	17	283,100	5.9%
July 2007	9,198	541	17	298,100	5.9%
June 2007	9,111	682	13	296,700	7.5%

Condominiums
Time Period	# of listings	# of sales	Months of Inventory	Average Price	Odds of being sold this month
August 2007	8,464	311	27	235,100	3.7%
July 2007	8,614	319	27	257,100	3.7%
June 2007	8,954	356	25	224,600	4.0%

To be sure the results aren’t skewed by month-to-month variances, here’s how August compared to the same month in the prior two years.

Time Period	# of listings	# of sales	Months of Inventory	Average Price	Odds of being sold this month
Single Family Homes
August 2007	9,141	540	17	283,100	5.9%
August 2006	9,758	771	13	287,600	7.9%
August 2005	2,832	1,223	2	317,700	43.2%

Condominiums
Time Period	# of listings	# of sales	Months of Inventory	Average Price	Odds of being sold this month
August 2007	8,464	311	27	235,100	3.7%
August 2006	6,130	474	13	279,600	7.7%
August 2005	1,813	712	3	259,700	39.3%

For August sales, single family homes showed 86 days on the market and 110 days on the market for condos – but that’s only for the current listing. The Pinellas Realtor Organization doesn’t compile the total days on the market. As always – these are averages. For a specific neighborhood or price range, please contact us.

The Simms Team at RE/MAX Metro - St. Petersburg and Tampa Bay area Residential Real Estate 727-866-0048