Statistics for July – This summer the Pinellas County Housing Market has been nothing short of sizzling. For July we see some stats start to cool off, but every indication remains that our market continues to be strong.
Median Sale Price for Single Family was way up 16.2% at $214,950 this July, versus $185,000 last July.
Median Sale Price for the Townhome/Condo segment was up 6.9% from last year, at $139,000 for July 2016 versus $130,000 for July 2015.
Median Time to Contract for Townhome/Condo was 40 days in July 2016, way down 32.2% from 59 days last July.
Median Time to Sale was 79 days this July, versus 99 days in July 2015, a huge -20.2% change year-over-year.
Median Time to Contract for Single Family was down 9.4% year-over-year, going from 29 days in July 2015 to 32 days in July 2016.
Median Time to Sale for Single Family was 75 days in July 2016, even with July 2015.
The number of Closed Sales for Single Family and Townhome/Condo combined for July 2016 was 1,923, down 9.3% from 2,121 in July 2015. Year-over-year, closed sales for the Single Family segment were down 10.0%, and Closed Sales for the Townhome/Condo segment were down 8.2%.
New Listings for Single Family and Townhome/Condo combined were up 1.1% for July 2016 over July 2015, at 2,156 versus 2,133 last year.
Dollar Volume for Single Family was $353.5 million in July 2016, up 5.6% from $334.6 million in July 2015.
Dollar Volume for Townhome/Condo was $135.7 million in July 2016, down 2.4% from $139.0 million in July 2015.
New Listings for Single Family for July 2016 were 1,344, down 8.1% from last July, when they were 1,462. New Listings for Townhome/Condo for July 2016 were 812, way up 21.0% from 671 in July 2015.
Months Supply of Inventory for Single Family continues to reflect the seller’s market, with inventory down 10.8% year-over-year, with a 3.3 month supply this July, as compared to a 3.7 month supply in July 2015. Months Supply of Inventory for Townhome/Condo was down only 2.5% year-over-year, with 3.9 months in July 2016 compared to 4.0 months in July 2015. Active listings for July 2016 Single Family and Townhome/Condo combined were 6,601, down 5.1% from 6,954 in July 2015.
Pinellas Realtor® Organization, August 2016