07/06/2022
The latest in the Pinellas County real estate 🏡 market:
👉Median Sales Price rose to $450,000, up 26.8% from last year.
👉Months Supply of Inventory is currently at one month - which is still an extreme Seller's Market. Although it is the 3rd month in a row we have seen it increase. 0 to 5 months supply of inventory is considered a Seller's Market, 5-6 months supply of inventory is considered a balanced market, & 6+ months supply of inventory is considered a Buyer's Market. We still have a ways to go in order to get more towards a balanced market.
👉From one year ago, active inventory increased 20.3% to 1,168 homes. Also the 3rd month in a row that we have seen inventory increase. Although still a Seller's Market, more inventory means less competition for Buyers.
Call or Text 📲 727-310-5942 to request a copy of the full report for Pinellas County.