Pinellas County Real Estate
Pinellas County Real Estate Report — January 2016 — One of the most impressive figures in the table below is found in the median sales price and average sales price categories.
According to the Florida Association of Realtors®, the Median Sales Price from January of 2015 to January of 2016 increased by over 23 percent. The Average Sale Price from January of 2015 to January of 2016 increased by over 18 percent.
Median Sale Price – The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below).
Average Sale Price – The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales).
Economists’ note: Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.
From the Florida Association of Realtors® – Summary for January 2016 – February 24, 2016
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|Summary||January 2016||January 2015||Percent Change Year|
|Paid in Cash||319||334||-12.2%|
|Median Sale Price||$193,500||$156,500||23.6%|
|Average Sale Price||$263,728||$222,350||18.6%|