pro-logo


This research is brought to you by the Pinellas REALTOR Organization.

 

Pinellas County Real Estate Statistics for March 2021 

Single Family Homes and Townhomes/Condos were selling at higher prices year-over-year. The Average Sale Price for Single Family Homes increased 32.7% from $364,320 in March 2020 to $483,271 in March 2021. The Average Sale Price for Townhome/Condo was up 20.1% from $266,121 in March 2020 to $319,524 in March 2021. The Median Sale Price for Single Family Homes was up by 18.5% from last year at $287,000 for March 2020 to $340,000 for March 2021. The Median Sale Price for Townhomes/Condos increased 20.2% from $188,000 in March 2020 to $226,000 in March 2021.

Dollar Volume for Single Family Homes saw a 45.6% increase from $445.6 million in March 2020 to $648.5 million in 2021. Closed Sales for Single Family were up 9.7% year-over-year at 1,342 in March 2021, compared to 1,223 in March 2020. Paid in Cash sales for Single Family increased 34.5% from 336 in March 2020 to 452 in March 2021. The Months Supply of Inventory for Single Family Homes decreased 63.6% from 2.2 months in March 2020 to 0.8 month in March 2021. The Active Listings for Single Family Homes decreased 65.1% from 2,530 in March 2020 to 884 in March 2021. The Median Time to Contract for Single Family Homes was down 57.1% from 21 days in March 2020 to 9 days in March 2021. The Median Time to Sale for Single Family Homes decreased 19.0% from 58 days in March 2020 to 47 days in March 2021. New Listings for Single Family for March 2021 were 1,384, down 0.8% from March 2020 at 1,395.

Dollar Volume for Townhome/Condo increased 64.6% year-over-year from $214.8 million in March 2020 to $353.4 million in March 2021. Closed Sales for the Townhome/Condo segment were up 37.1% year-over-year, at 1,106 in March 2021 versus 807 in March 2020. Paid in Cash sales for Townhome/Condo increased 31.2% from 420 in March 2020 to 551 in March 2021. The Months Supply of Inventory for Townhome/Condo decreased 64.5% from 3.1 months in March 2020 to 1.1 months in March 2021. Active Listings for Townhomes/Condos were down 60.8% from 2,268 in March 2020 to 888 in March 2021. The Median Time to Contract for Townhome/Condo market decreased 33.3% from 27 days in March 2020 to 18 days March 2021. The Median Time to Sale for Townhome/Condo market decreased 15.4% from 65 days in March 2020 to 55 days in March 2021. New Listings for Townhome/Condos for March increased 20.7% from 885 in 2020 to 1,068 in 2021.

Representing over 9,000 members, the Pinellas Realtor® Organization/Central Pasco Realtor® Organization is one of the Tampa Bay area’s largest professional trade associations. The organization advances and promotes the real estate profession through professional development programs, government affairs, and political advocacy and maintains a high standard of conduct by real estate professionals through professional standards training and administration.

 

View full Monthly Statistics report