pro-logo


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

 

Pinellas County Real Estate Statistics for April 2019

Pinellas County continues to see a rise in year over year average sale prices and months supply of inventory. The Average Sale Price for Single Family Homes rose 6.6% from $334,814 in April 2018 to $357,070 in April 2019. The Average Sale Price for Townhome/Condo was up 10.2% from $236,321 in April 2018, to $260,436 in April 2019. The Months Supply of Inventory for Single Family Homes increased 11.5% year-over-year, with a 2.6 Months Supply last April, as compared to a 2.9 Months Supply this April. The Months Supply of Inventory for Townhome/Condo rose 13.3% at 3.0 months in April 2018 to 3.4 months in April 2019.

The Median Sale Price for Single Family Homes was up by 6.8% from last year, at $252,750 for April 2018 versus $269,950 for April 2019. Dollar Volume for Single Family Homes saw a 4.6% increase from $409.8 million in April 2018 to $428.5 million in 2019. The Median Time to Contract for Single Family Homes was up 18.5% from 27 days in April 2018 to 32 days this April. The Median Time to Sale for Single Family Homes was up 9.1% from 66 days last April to 72 days this April. New Listings for Single Family for April 2019 were 1,380, down 4.8% from April 2018 at 1,449. The Active Listings for Single Family Homes rose 7.7% from 2,955 in April 2018 to 3,184 in April 2019. Closed Sales for Single Family were down 2.0%, with 1,200 in April 2019 versus 1,234 in April 2018. Paid in Cash sales for Single Family decreased 10.9%, from 303 in April 2019 versus 340 in April 2018.

The Median Sale Price for Townhomes/Condos was $165,000 for April 2019, down 2.9% from $170,000 in April 2018. Dollar Volume for Townhome/Condo increased 9.1% year-over-year, with $205.4 million in April 2018 compared to $224.0 million in April 2019. The Median Time to Contract for Townhome/Condo market increased 33.3% from 30 days in April 2018 to 40 days April 2019. The Median Time to Sale for Townhome/Condo market was 70 days in April 2018 and 75 days in April 2019, up 7.1%. New Listings for Townhome/Condos for April decreased 8.0% from 928 in 2019, versus 1,009 in 2018. Active Listings for Townhomes/Condos were up 16.5% from 2,250 in April 2018 to 2,622 in April 2019. Closed Sales for the Townhome/Condo segment decreased 1.0% year over year, at 860 in April 2019 versus 869 in April 2018. Paid in Cash sales for Townhome/Condo decreased 12.7% from 435 in April 2019 versus 498 in April 2018.

Representing over 9,000 members, the Pinellas Realtor® Organization/Central Pasco Chapter 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.