08/31/2026
🏡 TODAY'S REAL ESTATE UPDATE: What Buyers & Sellers Need to Know Right Now
If you've been waiting to see what the real estate market is going to do next, here's the latest:
New pending home sales in Florida jumped nearly 10% compared with last year.
💰 Mortgage rates are still around 6.6%, but they've been showing signs of improvement—and even small rate changes can make a meaningful difference in monthly payments.
🏠Home prices are stabilizing. Florida's median single-family home price is essentially flat compared with last year, while condo prices have adjusted more significantly.
🔑 Buyers have more negotiating power. With more inventory available, especially in the condo market, buyers have more choices and sellers need to be strategic about pricing.
For buyers, that can mean more choices and negotiating opportunities.
For sellers, pricing correctly from the beginning is more important than ever.
📍 And remember—real estate is local. What is happening statewide or nationally may look very different in St. Petersburg and the surrounding communities.
Thinking about buying, selling, or just curious what your home is worth in today's market? call, text or email me.
727-209-7262
Call now to connect with business.
