Inventory in St petersburg/Tampa Remains Tight

The most recent statistics from the Pinellas Realtor Organization are equally impressive. The average sales price for a single family home was $256,543 in September. A 15.1% increase from last year.

The number of closed sales for single family homes, townhouses and condos in September rose 13.8% to a total of 1,863. Median days on the market for single family hoes was a mere 49 days from list to close.

What was most telling was the limited inventory. For single family homes the inventory was down to just a 3.4 month supply. That translates into a seller’s market.

Also, if you or anyone you know is thinking of selling, now may be an excellent time to list. Especially since given the strong employment numbers last month, interest rates may soon begin to climb

 

Greg Burton, Gay St. Petersburg Realtor. Savvy-Card-Header (1)

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