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Clearwater Beach Real Estate – Working with a Realtor® in a seller’s market like the one we’re currently seeing in Pinellas County is vital. Only a Realtor® can see what can’t be uncovered in a simple online search, understands the local market and can help you win in a competitive environment.
The number of Closed Sales for Single Family and Townhome/Condo combined for May 2016 was 2,107, up 3.9% from 2,028 in May 2015. Year-over-year, closed sales for the Single Family segment was way up at 9.4%, and Closed Sales for the Townhome/Condo segment was down at -4.3%.
- Median Time to Contract for Single Family was down 20% year-over-year, going from 28 days in May 2016 to 35 days in May 2015.
- Median Time to Sale for Single Family was just 74 days in May 2016, down from 79 days in May 2015 (down 6.3%).
- For Townhome/Condo Median Time to Sale was 83 days this May, versus 87 days in May 2015, a -4.6% change year-over-year.
Median Sale Price for Single Family was $200,000 this May, versus $185,000 last May, a sizable increase of 8.1%. Median Sale Price for the Townhome/Condo segment was also up from last May at 6.3%, at $138,250 for May 2016 versus $130,000 for May 2015.
Median Percent of Original List Price Received for Single Family was 96.4% in May 2016, up 0.9% from 95.5% in May 2015. Townhome/Condo was 94.6% in May 2016, up 0.9% from 93.8% in May 2015.
- New Listings for Single Family for May 2016 were 1,460, up 2.7% from last May, when they were 1,422.
- New Listings for Townhome/Condo for May 2016 were 859, up 2.9% from 835 in May 2015.
Months Supply of Inventory for Single Family continues to reflect the lack of homes listed for sale, down 15% year-over-year, with a 3.4 month supply this May, as compared to a 4.0-month supply in May 2015. Months Supply of Inventory for Townhome/Condo was down 8.7% year-over-year, with 4.2-month in May 2016 compared to 4.6 months in May 2015. Active listings for May 2016 Single Family and Townhome/Condo combined were 6,991, down 5.7% from 7,417 in May 2015.
Pinellas Realtor® Organization, June 2016
