🏡 Pinellas County Real Estate Market Update (Single Family) - August 2023 📊

 

The real estate market in Pinellas County, including the vibrant St. Petersburg area, is showing some promising signs. Let's delve into some key takeaways:

 

🚀 Closed Sales have seen an increase of 5.9%, with 839 homes sold compared to 792 in September 2022.

💵 Median Sale Price has grown by 9.7%, now standing at $462,000.

📈 Average Sale Price has risen to $606,283, a significant 14.3% increase from last year.

The Median Time to Contract has decreased to just 16 days, a -23.8% change, indicating a quicker sales process.

📦 Inventory levels show a 2.3 months supply, up by 27.8% from last year.


The dynamics of the real estate market differ significantly between single-family homes and condos. Grasping these distinctions and leveraging the data to your benefit is essential. With insights from seasoned professionals like Thomas J. Morillo and the committed TJM Home Team, you're poised to make well-informed choices. In the constantly evolving realm of real estate, staying updated with recent statistics equips you with a competitive edge. 📈💡