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All Indicators Up for Clearwater Beach Real Estate
The Pinellas County housing market hasn’t shown any let down in the year-over-year median sale price and median time to sale for Single Family Homes and Townhome/ Condos.
MEDIAN SALE PRICE
- The Median Sale Price for Single Family Homes was up by 7.2% from last year, at $266,375 for June 2018 versus $248,450 for June 2017.
- The Median Sale Price for Townhomes/Condos was $170,000 for June 2018, up 6.3% from $160,000 in June 2017.
- The Median Time to Sale for Single Family Homes was 63 days this June, down 8.7% from 69 days last June.
- Median Time to Sale for Townhome/Condo market was 71 days in June 2018 and 77 days in 2017, down at 7.8%.
SINGLE FAMILY
The Average Sale Price for Single Family Homes rose from $327,052 in June 2017 to $344,571 in June 2018. The Median Time to Contract for Single Family Homes was 21 days in June 2018, down 8.7% from 23 days last June.The Months Supply of Inventory for Single Family Homes increased 16.0% year-over-year, with a 2.9 Month
- New Listings for Single Family for June were 1,498, up 0.7% from last June, at 1,487.
- The Active Listings for Single Family Homes rose 5.8% from 3,003 in June 2017 to 3,178 in June 2018.
- Dollar Volume for Single Family Homes decreased 7.6% year-over-year, with $438.3 million in 2018 versus $474.2 million in June 2017.
- Year-over-year, Closed Sales for the Single Family were down 12.3%, with 1,272 in June 2018 versus 1,450 in June 2017.
- Paid in Cash sales for Single Family decreased 13.5%, from 400 in June 2017 to 346 in June 2018.
TOWNHOME/CONDO
- The Average Sale Price for Townhome/Condo was $247,979 in June 2018, down from $243,746 in June 2017.
- The Median Time to Contract for Townhome/Condo market was 30 days. It was 34 days in June 2017.
- The Months Supply of Inventory for Townhome/Condo fell 9.7%, from 3.1 months in June 2017 to 2.8 months in June 2018.
- New Listings for Townhome/Condos for June 2018 were at 841, down 5.3% from 888 in June 2017.
- Active Listings for Townhomes/Condos dipped 9.0% from 2,317 in June 2017 to 2,109 in June 2018.
Dollar Volume for Townhome/Condo saw a 3.7% decrease year-over-year, with $2159.4 million in June 2017 compared to $211.3 million in June 2018. Closed Sales for the Townhome/Condo segment lowered 5.3% year-over-year, at 852 in June 2017 versus 900 in June 2018. Paid in Cash sales for Townhome/Condo decreased 10.2%, from 462 in June 2017 to 415 in June 2018.
Pinellas Realtor® Organization July 24, 2018
