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Pinellas County, Florida




Pinellas County Median Price Change by Zip Code
Change of current quarter compared to same quarter one year ago

Q3 2009

Pinellas County MLS Price Change by Zip Code

MLS Price Change by Zip Code
A common way Realtors® collect real estate market data is to monitor MLS sales by zip code. Keep in mind, however, a zip code is not a neighborhood. Individual neighborhoods exhibit their own pricing characteristics, and the same zip code can contain both upscale neighborhoods as well as more modest areas, and most importantly, both increasing and decreasing values of neighborhoods that are often right adjacent to each other. The MLS map above is helpful in showing sales macrotrends over the whole of Pinellas County. Click an area to see current homes for sale. For individual neighborhood valuations, please feel free to let us help you.


Synopsis
Buyers market, with improvements for sellers. A couple zip codes in the St. Petersburg and St. Pete Beach areas show an increase in market value (final sales price) up from one year ago. Additionally, for all of Pinellas, the total number of homes for sale for the Third Quarter of 2009 was 12,734, which reflected a reduced inventory from Second Quarter numbers of 13,432 units — this was the third quarter in a row where housing inventory has been reduced. Low interest rates continue to provide a prime environment for purchasing for those with favorable credit. The average price of a home sold in Pinellas County in Q3 was $188,300. With previous sales trends as a guide, a decrease in home inventory combined with an increase in home sales prices have, historically, been important signs that the worst was behind.




    Pinellas County Residential Unit Sales
Pinellas County Residential Unit Sales
Residential Unit Sales graph 2 Pinellas MLS (Multiple Listing Service) 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009

 

MLS Residential Sales
You can also gauge the real estate market by monitoring MLS sales for the whole of Pinellas County. Statistics are updated around the end of each month and reflect the MLS activity as reported 30 days ago. Click the year to change graph.


Synopsis
Homes sold through the Realtor® MLS for October are up from one year ago, and the highest in 2 years. The graph is beginning to show a return to normal seasonal sales trends (click years 2002-2005). Statewide, sales of existing single-family homes in Florida rose 23-percent in second quarter 2009 compared to the same period last year. A total of 43,125 existing homes sold statewide in 2Q 2009; during the same period the year before, a total of 35,008 existing homes sold. It marks the fourth consecutive quarter that Florida has seen higher existing year-to-year home sales. Sales of existing condominiums statewide in the second quarter rose 29-percent compared to the same time the previous year. This marks the third consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels. If history is a reliable guide, during the real estate slumps in 1968, 1981, and 1990, sales increases and housing inventory decreases were important signs that the worst was behind.




    Pinellas County Median Sales Price
Pinellas County Median Sales Prices
Median Sales Price graph 2 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009

Median Sales Price
This graph represents the median, or middle, price of homes sold in the MLS. The median, not the average price is taken, as a high number of expensive or inexpensive homes sold in a group (e.g. a developer) would skew the stats.


Synopsis
After 3 years of price declines, the market price of a single family home in Pinellas is showing signs of stabilizing. The market for condos, however, is beginning to slip after small gains this year.





    Pinellas County Market Absorption Rate
Pinellas County Absorption Rate
Average Market Time graph 2 2006 | 2007 | 2008 | 2009

 

Absorption Rate
This graph represents the MLS market Absorption Rate (inventory turnover). The rate is determined by dividing the number of units sold during the month by the total number of listings that were in the MLS for that month.


Synopsis
The average time it takes to sell a home took a big dip in September to 84 days, the which is the fastest market-to-closing turn-around time since April 2007. Most sellers are now basing their list price on current expectations, rather than the "irrational exuberance" of recent years, and sellers who are "testing the market" are being avoided by buyers.





homes for sale
All homes for sale that are listed in the MLS by any real estate office or any Realtor® in Pinellas County are listed on this real estate website. WHY Realty has made the entire Pinellas County Multiple Listing Service (MLS) available to you online in IDX format. This is the complete public MLS updated in real-time by the local Board, known as the Pinellas Realtor® Organization. There are many homes for sale in the MLS/IDX right now, houses and condos throughout the Pinellas region, including St. Petersburg, Clearwater, Largo, Seminole, Tarpon Springs, and Tierra Verde.


WHY means We Help You

Please feel free to ask us any questions you may have about about a particular neighborhood or home address in Pinellas County, Florida. It is our goal to help you make the most of your real estate investment.


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© 1997-2015 WHY Realty, Pinellas County, Florida

Search MLS Listings and home search listings data compiled for Belleair, Clearwater, Belleair Beach, Clearwater Beach, Belleair Shore, Largo, Belleair Bluffs, Seminole, Indian Rocks Beach and Indian Shores. St. Petersburg (Saint Petersburg), Gulfport, St. Pete Beach, Madeira Beach, Treasure Island, South Pasadena. Tierra Verde. Dunedin, Palm Harbor, Crystal Beach, Innisbrook, Tarpon Springs, Safety Harbor, Oldsmar and East Lake.


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