HOW TO USE THIS INFORMATION:
Every month the Pinellas Real Estate Organization compiles the latest sales numbers for Tampa Bay. Here is the most recent report.
The holiday season is here, and we have the latest statistics on the Pinellas real estate market to give thanks
for. Median Sale Price for Single Family Homes was up 10.8% from last year, at $229,450 for October 2017
versus $207,000 for October 2016. Median Time to Contract for Townhomes and Condos was down 12.8%
year-over-year, going from 39 days in October 2016 to 34 days in October 2017.
Year-over-year, Closed Sales for the Single Family segment in October were down 3.7%. Dollar Volume for
Single Family Homes increased 4.7% year-over-year, with $306.3 million in 2017 versus $292.4 million in
October 2016. Median Time to Contract for Single Family Homes was 31 days in October 2017, up 6.9%
from last October. Average Sale Price for Single Family Homes grew 8.8%, at $297,387 in October 2017
versus $273,294 in October 2016. Median Time to Sale for Single Family Homes was 76 days this October, up
4.1% from 73 days last October. New Listings for Single Family for October were 1,312, down 4.4% from last
October, at 1,373.
Closed Sales for the Townhomes/Condo segment were down 1.7%. Median Time to Sale for Townhomes
and Condos decreased 7.4% year-over-year at 75 days in October 2017 and 81 days in 2016. Average
Sale Price had a 0.2% decrease with $207,280 in October 2017 and $207,645 in October 2016. Median Sale
Price for Townhomes/Condos was $149,900 for October 2017, up 3.4% from $145,000 in October 2016.
Dollar Volume for Townhomes/Condos saw a 1.8% decrease year-over-year, with $134.5 million in October
2017 compared to $137.0 million in October 2016. New Listings for Townhomes/Condo for October 2017
were at 861, up 7.0% from 805 in October 2016.
The seller’s market continues in October, with Months Supply of Inventory down 10.3% year-over-year for
Single Family Homes, with a 2.6 Month Supply this October, as compared to a 2.9 Month Supply in October
2016. Months Supply of Inventory for Townhomes/Condo fell a dramatic 17.6%, with 2.8 months in October
2017 and 3.4 months in October 2016.
