Loading ...
Barb Dind...
Real Estate & Rentals
Market Insights
30
0
Try Now
Log In
Pricing
FOR IMMEDIATE RELEASE Contact: David B. Bennett, RCE, CAE CEO Phone: 727-216-3002 Email: dbennett@tampabayrealtor.com Pinellas County Real Estate Statistics for April 2021 Single Family Homes and Townhomes/Condos were selling at higher prices year-over-year. The Average Sale Price for Single Family Homes increased 30.1% from $371,095 in April 2020 to $482,652 in April 2021. The Average Sale Price for Townhome/Condo was up 26.4% from $266,537 in April 2020 to $336,856 in April 2021. The Median Sale Price for Single Family Homes was up by 20.7% from last year at $290,000 for April 2020 to $350,000 for April 2021. The Median Sale Price for Townhomes/Condos increased 14.5% from $196,500 in April 2020 to $225,000 in April 2021. Dollar Volume for Single Family Homes saw a 100.9% increase from $326.2 million in April 2020 to $655.4 million in 2021. Closed Sales for Single Family were up 54.5% year-over-year at 1,358 in April 2021, compared to 879 in April 2020. Paid in Cash sales for Single Family increased 117.1% from 210 in April 2020 to 456 in April 2021. The Months Supply of Inventory for Single Family Homes decreased 63.6% from 2.2 months in April 2020 to 0.8 months in April 2021. The Active Listings for Single Family Homes decreased 61.5% from 2,486 in April 2020 to 957 in April 2021. The Median Time to Contract for Single Family Homes was down 64.7% from 17 days in April 2020 to 6 days in April 2021. The Median Time to Sale for Single Family Homes decreased 19.6% from 56 days in April 2020 to 45 days in April 2021. New Listings for Single Family for April 2021 were 1,434, up 52.6% from April 2020 at 940. Dollar Volume for Townhome/Condo increased 168.3% year-over-year from $147.4 million in April 2020 to $395.5 million in April 2021. Closed Sales for the Townhome/Condo segment were up 112.3% year-over-year, at 1,174 in April 2021 versus 553 in April 2020. Paid in Cash sales for Townhome/Condo increased 157.0% from 242 in April 2020 to 622 in April 2021. The Months Supply of Inventory for Townhome/Condo decreased 71.9% from 3.2 months in April 2020 to 0.9 months in April 2021. Active Listings for Townhomes/Condos were down 65.7% from 2,266 in April 2020 to 777 in April 2021. The Median Time to Contract for Townhome/Condo market decreased 53.8% from 26 days in April 2020 to 12 days April 2021. The Median Time to Sale for Townhome/Condo market decreased 26.8% from 71 days in April 2020 to 52 days in April 2021. New Listings for Townhome/Condos for April increased 82.1% from 541 in 2020 to 985 in 2021. Representing over 9,000 members, the Pinellas Realtor® Organization/Central Pasco Realtor® Organization is one of the Tampa Bay area’s largest professional trade associations. The organization advances and promotes the real estate profession through professional development programs, government affairs, and political advocacy and maintains a high standard of conduct by real estate professionals through professional stan- dards training and administration. source: Florida Realtors Summary Statistics % change year over year April 2021 Feb. 2014 Closed Sales Paid in Cash New Pending Sales New Listings Pending Inventory Inventory (Active Listings) Combined Single Family Homes & Townhomes/Condos April 20 2532 1432 76.8% 1078 452 138.5% 2342 1252 87.1% 2419 1481 63.3% 3003 1868 60.8% 1734 4752 -63.5% Absorption rate estimates the rate at which active listings are selling in a given market. It’s calculated by dividing the number of closed sales by the number of active listings. A low absorption rate means that homes are selling slowly (suggesting a buyer’s market) while a high absorption rate means that homes are selling quickly (suggesting a seller’s market). January February March April May June July August September October November December 2018 Absorption Rate Single Family 30% 35% 48% 49% 46% 45% January February March April May June July August September October November December Condo 27% 2018 2019 29% 36% 41% 44% 40% 43% 39% 45% 40% 36% 31% 38% 32% 30% 31% 34% 28% 2019 22% 21% 30% 26% 39% 33% 45% 35% 54% 38% 45% 33% 50% 38% 49% 37% 45% 33% 44% 34% 39% 29% 52% 36% 2020 38% 45% 54% 97% 96% 96% 87% 83% 109% 39% 40% 79% 2020 25% 34% 34% 21% 48% 53% 24% 37% 48% 51% 47% 56% 2021 2021 source: Stellar MLS Live Data 5/18/2021 105% 52% 152% 84% 213% 148% 197% 177% 0% 50% 100% 150% 200% 250% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 2019 2020 2021 0% 50% 100% 150% 200% 250% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 2019 2020 2021 Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Year-to-Date 4,686 20.2% 54.5% 940 52.6% Closed Sales 1,358 56 Days 1,103 42.9% 2,486 -61.5% 2.2 -63.6% Summary Statistics Closed Sales Paid in Cash 100.0% April 2021 $350,000 Median Sale Price Average Sale Price Dollar Volume Median Percent of Original List Price Received $290,000 20.7% $655.4 Million $326.2 Million 100.9% $482,652 $371,095 30.1% April 2020 Percent Change Year-over-Year 456 210 117.1% 1,358 879 54.5% 97.3% 2.8% 6 Days 17 Days -64.7% April 2021 Median Time to Contract 45 Days 1,286 Median Time to Sale New Pending Sales New Listings Month 1,434 Pending Inventory 1,576 Inventory (Active Listings) 957 Months Supply of Inventory 0.8 -19.6% 846 52.0% Percent Change Year-over-Year 786 April 2020 879 September 2020 1,221 August 2020 1,286 December 2020 1,242 November 2020 1,086 October 2020 1,234 Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. March 2021 1,342 9.7% 10.1% 11.2% February 2021 1,040 January 2021 946 -26.8% July 2020 1,402 June 2020 1,296 8.0% 10.0% -46.0% 6.7% 14.6% 11.8% 4.6% 12.7% May 2020 2017 2018 2019 2020 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A Monthly Market Detail - April 2021 Pinellas County Single-Family Homes Closed Sales The number of sales transactions which closed during the month 0 500 1,000 1,500 2,000 Closed Sales Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. January 2021 Month Cash Sales Percent Change Year-over-Year April 2021 456 117.1% March 2021 452 34.5% February 2021 339 20.2% Year-to-Date 1,527 40.7% 333 6.1% 280 8.9% December 2020 375 17.6% September 2020 303 -6.2% November 2020 294 10.5% October 2020 352 19.3% April 2021 33.6% 40.6% March 2021 33.7% 22.5% February 2021 32.6% 9.4% January 2021 29.6% -2.0% -17.4% December 2020 30.2% 10.2% November 2020 27.1% -3.6% October 2020 28.5% 5.9% September 2020 24.8% -16.2% August 2020 25.1% -4.2% Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc. Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care. Year-to-Date 32.6% 17.3% Month Percent of Closed Sales Paid in Cash Percent Change Year-over-Year May 2020 23.0% -9.8% April 2020 April 2020 210 -30.7% June 2020 23.9% -5.5% July 2020 23.8% August 2020 323 0.3% July 2020 283 -9.0% May 2020 181 -51.2% -1.7% June 2020 21.8% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0% 10% 20% 30% 40% Pct. of Closed Sales Paid in Cash0 100 200 300 400 500 Cash SalesMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Single-Family Homes Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash 2017 2018 2019 2020 Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Month Median Sale Price Percent Change Year-over-Year April 2021 $350,000 20.7% Year-to-Date $335,000 19.6% September 2020 $320,000 17.5% March 2021 $340,000 18.5% February 2021 $330,000 17.9% November 2020 $320,000 14.3% October 2020 $325,000 18.2% January 2021 $309,450 16.8% December 2020 $318,500 15.7% August 2020 $318,000 14.4% July 2020 $308,000 13.3% June 2020 $300,000 9.1% May 2020 $285,000 5.2% April 2020 $290,000 7.4% Month Average Sale Price Percent Change Year-over-Year April 2021 $482,652 30.1% March 2021 $483,271 32.7% February 2021 $416,967 15.2% January 2021 $411,267 20.9% 6.5% December 2020 $451,120 22.8% November 2020 $417,397 20.8% October 2020 $451,693 31.4% September 2020 $424,021 19.7% August 2020 $414,987 12.0% 26.1% $453,840 Year-to-Date 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. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time. Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area. May 2020 $364,707 4.0% April 2020 $371,095 3.9% July 2020 $400,711 11.0% June 2020 $380,329 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A $0K $100K $200K $300K $400K $500K $600K Average Sale Price$0K $100K $200K $300K $400K Median Sale PriceMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Single-Family Homes Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) 2017 2018 2019 2020 Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Month Dollar Volume Percent Change Year-over-Year April 2021 $655.4 Million 100.9% Year-to-Date $2.1 Billion 51.5% 33.9% March 2021 $648.5 Million 45.6% February 2021 $433.6 Million 26.7% $561.8 Million 19.9% January 2021 $389.1 Million 34.4% December 2020 $560.3 Million 31.0% November 2020 $453.3 Million 38.4% October 2020 $557.4 Million 48.0% September 2020 $517.7 Million April 2021 100.0% 2.8% March 2021 100.0% 3.1% February 2021 98.6% 2.7% January 2021 98.1% 2.1% 0.8% December 2020 98.0% 2.1% November 2020 98.9% 2.5% October 2020 99.1% 2.5% September 2020 98.7% 2.6% August 2020 97.8% 1.2% Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator. Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 3.4% 100.0% Year-to-Date Month Med. Pct. of Orig. List Price Received Percent Change Year-over-Year May 2020 96.8% 0.9% April 2020 April 2020 $326.2 Million -23.9% June 2020 97.3% 1.4% July 2020 97.6% August 2020 $533.7 Million 17.2% July 2020 $492.9 Million 17.2% May 2020 $286.7 Million -43.8% 1.8% June 2020 97.0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0% 20% 40% 60% 80% 100% 120% Med. Pct. of Orig. List Price ReceivedMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Single-Family Homes Dollar Volume The sum of the sale prices for all sales which closed during the month 2017 2018 2019 2020 Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month $0 $100 M $200 M $300 M $400 M $500 M $600 M $700 M Dollar Volume Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. 17 Days -43.3% January 2021 15 Days -53.1% August 2020 14 Days -46.2% Month Median Time to Contract Percent Change Year-over-Year April 2021 6 Days -64.7% 10 Days -56.5% Year-to-Date March 2021 9 Days -57.1% February 2021 October 2020 10 Days -56.5% September 2020 9 Days -64.0% December 2020 11 Days -60.7% November 2020 9 Days -62.5% 19 Days -32.1% June 2020 28 Days 7.7% July 2020 May 2020 22 Days -33.3% April 2020 17 Days -46.9% Month Median Time to Sale Percent Change Year-over-Year April 2021 45 Days -19.6% -18.0% 50 Days Year-to-Date March 2021 47 Days -19.0% February 2021 56 Days -17.6% -11.4% January 2021 57 Days -18.6% December 2020 52 Days -22.4% November 2020 50 Days -18.0% October 2020 51 Days -20.3% September 2020 50 Days -21.9% April 2020 56 Days -22.2% Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell. Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. June 2020 67 Days 0.0% May 2020 63 Days -12.5% August 2020 56 Days -15.2% July 2020 62 Days J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0 20 40 60 80 100 Median Time to Sale0 10 20 30 40 50 60 Median Time to ContractMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Single-Family Homes Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month 2017 2018 2019 2020 Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. Month New Pending Sales Percent Change Year-over-Year April 2021 1,286 52.0% Year-to-Date 5,152 19.0% September 2020 1,202 14.9% March 2021 1,396 39.5% February 2021 1,231 -1.4% November 2020 1,041 4.7% October 2020 1,251 13.3% January 2021 1,239 0.4% December 2020 1,042 18.7% August 2020 1,335 10.1% July 2020 1,351 10.9% June 2020 1,471 19.3% May 2020 1,354 -0.4% April 2020 846 -38.2% Month New Listings Percent Change Year-over-Year April 2021 1,434 52.6% March 2021 1,384 -0.8% February 2021 1,107 -10.7% January 2021 1,061 -18.4% 1,254 8.0% August 2020 1,286 4.4% April 2020 940 -31.9% July 2020 1,266 -5.0% June 2020 1,229 -8.0% Year-to-Date 4,986 2.3% May 2020 1,206 -13.6% December 2020 943 10.0% November 2020 1,063 -0.2% October 2020 1,458 12.6% September 2020 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0 500 1,000 1,500 2,000 New Listings0 500 1,000 1,500 2,000 Pending SalesMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Single-Family Homes New Pending Sales The number of listed properties that went under contract during the month 2017 2018 2019 2020 New Listings The number of properties put onto the market during the month Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead. YTD (Monthly Avg) 1.0 -50.0% Month Months Supply Percent Change Year-over-Year April 2020 2.2 -24.1% June 2020 1.7 -39.3% May 2020 2.1 April 2020 2,486 -21.9% June 2020 1,831 -39.9% May 2020 2,169 -29.5% -25.0% August 2020 1.4 -44.0% July 2020 1.5 -42.3% October 2020 1.5 -40.0% September 2020 1.4 -41.7% December 2020 1.2 -45.5% November 2020 1.4 -41.7% February 2021 0.8 -61.9% January 2021 1.0 -52.4% April 2021 0.8 -63.6% March 2021 0.8 -63.6% 1,653 -43.6% October 2020 1,649 -39.5% September 2020 1,529 -43.3% August 2020 1,548 -43.6% July 2020 -53.6% December 2020 1,376 -44.0% November 2020 1,570 -40.7% January 2021 1,121 Month Inventory Percent Change Year-over-Year April 2021 957 -61.5% 974 -60.1% YTD (Monthly Avg) March 2021 884 -65.1% February 2021 935 -59.9% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 Months Supply of Inventory0 1,000 2,000 3,000 4,000 InventoryMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Single-Family Homes Inventory (Active Listings) The number of property listings active at the end of the month 2017 2018 2019 2020 Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. $600,000 - $999,999 7 Days -70.8% $1,000,000 or more 9 Days -80.0% Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. $150,000 - $199,999 8 Days -42.9% $200,000 - $249,999 7 Days -41.7% $250,000 - $299,999 $400,000 - $599,999 5 Days -81.5% 7 Days -46.2% $300,000 - $399,999 6 Days -40.0% Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. Sale Price Median Time to Contract Percent Change Year-over-Year Less than $50,000 (No Sales) N/A $1,000,000 or more 96 220.0% $250,000 - $299,999 198 33.8% $300,000 - $399,999 318 83.8% $50,000 - $99,999 0 Days -100.0% $100,000 - $149,999 $400,000 - $599,999 294 116.2% $600,000 - $999,999 165 139.1% 6 Days -68.4% $150,000 - $199,999 91 -9.0% $200,000 - $249,999 162 -7.4% $100,000 - $149,999 30 -14.3% Sale Price Closed Sales Percent Change Year-over-Year Less than $50,000 0 -100.0% $50,000 - $99,999 4 -66.7% 0 10 20 30 40 50 60 70 80 90 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more Median Time to ContractApril 2020 April 2021 0 10 20 30 40 50 60 70 80 90 0 50 100 150 200 250 300 350 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more Closed SalesApril 2020 April 2021 0 50 100 150 200 250 300 350 Monthly Market Detail - April 2021 Pinellas County Single-Family Homes Closed Sales by Sale Price The number of sales transactions which closed during the month Median Time to Contract by Sale Price The median number of days between the listing date and contract date for all Closed Sales during the month Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. $600,000 - $999,999 140 -61.1% $1,000,000 or more 123 -56.7% Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. $150,000 - $199,999 55 -74.8% $200,000 - $249,999 88 -71.7% $250,000 - $299,999 115 -61.5% $300,000 - $399,999 211 -49.6% $400,000 - $599,999 199 -56.1% $50,000 - $99,999 5 -85.3% $100,000 - $149,999 17 -83.5% Current Listing Price Inventory Percent Change Year-over-Year Less than $50,000 4 -20.0% $600,000 - $999,999 168 115.4% $1,000,000 or more 89 270.8% Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. $150,000 - $199,999 70 -42.1% $200,000 - $249,999 134 -12.4% $250,000 - $299,999 224 38.3% $300,000 - $399,999 379 79.6% $400,000 - $599,999 334 135.2% $50,000 - $99,999 5 -64.3% $100,000 - $149,999 30 -14.3% Initial Listing Price New Listings Percent Change Year-over-Year Less than $50,000 1 N/A 0 50 100 150 200 250 300 350 400 450 500 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more InventoryApril 2020 April 2021 0 50 100 150 200 250 300 350 400 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more New ListingsApril 2020 April 2021 0 50 100 150 200 250 300 350 400 450 500 0 50 100 150 200 250 300 350 400 Monthly Market Detail - April 2021 Pinellas County Single-Family Homes New Listings by Initial Listing Price The number of properties put onto the market during the month Inventory by Current Listing Price The number of property listings active at the end of the month Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Short Sale 5 5 0.0% $245,000 $190,000 28.9% Foreclosure/REO 11 16 -31.3% $215,000 $233,611 -8.0% April 2021 April 2020 Percent Change Year-over-Year Traditional 1,342 858 56.4% $350,000 $290,000 20.7% $0K $100K $200K $300K $400K $500K $600K $700K Median Sale Price0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed SalesTraditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A Monthly Distressed Market - April 2021 Pinellas County Single-Family Homes 2017 2018 2019 2020 2017 2018 2019 2020 Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Year-to-Date 3,754 42.8% 112.3% 541 82.1% Closed Sales 1,174 71 Days 765 86.5% 2,266 -65.7% 3.2 -71.9% Summary Statistics Closed Sales Paid in Cash 99.1% April 2021 $225,000 Median Sale Price Average Sale Price Dollar Volume Median Percent of Original List Price Received $196,500 14.5% $395.5 Million $147.4 Million 168.3% $336,856 $266,537 26.4% April 2020 Percent Change Year-over-Year 622 242 157.0% 1,174 553 112.3% 95.8% 3.4% 12 Days 26 Days -53.8% April 2021 Median Time to Contract 52 Days 1,056 Median Time to Sale New Pending Sales New Listings Month 985 Pending Inventory 1,427 Inventory (Active Listings) 777 Months Supply of Inventory 0.9 -26.8% 406 160.1% Percent Change Year-over-Year 467 April 2020 553 September 2020 843 August 2020 850 December 2020 848 November 2020 769 October 2020 887 Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. March 2021 1,106 37.1% 13.2% 20.0% February 2021 821 January 2021 653 -35.7% July 2020 912 June 2020 728 13.4% -2.2% -48.1% 11.0% 20.2% 25.1% 13.3% 25.1% May 2020 2017 2018 2019 2020 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A Monthly Market Detail - April 2021 Pinellas County Townhouses and Condos Closed Sales The number of sales transactions which closed during the month 0 200 400 600 800 1,000 1,200 1,400 Closed Sales Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. January 2021 Month Cash Sales Percent Change Year-over-Year April 2021 622 157.0% March 2021 551 31.2% February 2021 451 11.9% Year-to-Date 1,957 43.7% 406 8.8% 333 12.1% December 2020 376 -0.5% September 2020 380 12.8% November 2020 366 7.6% October 2020 438 22.0% April 2021 53.0% 21.0% March 2021 49.8% -4.2% February 2021 54.9% -1.3% January 2021 51.0% -6.6% 2.1% December 2020 44.3% -10.5% November 2020 47.6% -10.4% October 2020 49.4% -2.4% September 2020 45.1% -9.8% August 2020 45.5% -11.0% Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc. Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care. Year-to-Date 52.1% 0.6% Month Percent of Closed Sales Paid in Cash Percent Change Year-over-Year May 2020 47.5% -5.8% April 2020 April 2020 242 -44.4% June 2020 43.8% -13.4% July 2020 44.5% August 2020 387 1.0% July 2020 348 0.0% May 2020 222 -51.0% -4.1% June 2020 47.8% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0% 10% 20% 30% 40% 50% 60% 70% Pct. of Closed Sales Paid in Cash0 100 200 300 400 500 600 700 Cash SalesMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Townhouses and Condos Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash 2017 2018 2019 2020 Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Month Median Sale Price Percent Change Year-over-Year April 2021 $225,000 14.5% Year-to-Date $221,000 19.5% September 2020 $220,000 26.3% March 2021 $226,000 20.2% February 2021 $210,000 17.3% November 2020 $223,500 35.5% October 2020 $215,000 22.9% January 2021 $225,000 28.2% December 2020 $206,250 11.5% August 2020 $225,000 32.4% July 2020 $200,000 17.6% June 2020 $205,000 18.5% May 2020 $180,000 2.3% April 2020 $196,500 19.1% Month Average Sale Price Percent Change Year-over-Year April 2021 $336,856 26.4% March 2021 $319,524 20.1% February 2021 $327,086 24.1% January 2021 $308,040 17.2% 18.8% December 2020 $291,206 15.1% November 2020 $315,342 34.4% October 2020 $302,631 19.7% September 2020 $310,194 31.2% August 2020 $308,992 22.7% 22.6% $324,600 Year-to-Date 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. Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate. Median sale price only reflects the values of the homes that sold each month, and the mix of the types of homes that sell can change over time. Economists' note : Usually, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area. May 2020 $264,894 -0.2% April 2020 $266,537 2.3% July 2020 $292,486 25.7% June 2020 $289,347 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A $0K $100K $200K $300K $400K Average Sale Price$0K $50K $100K $150K $200K $250K Median Sale PriceMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Townhouses and Condos Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below) 2017 2018 2019 2020 Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales) Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Month Dollar Volume Percent Change Year-over-Year April 2021 $395.5 Million 168.3% Year-to-Date $1.2 Billion 75.0% 64.1% March 2021 $353.4 Million 64.6% February 2021 $268.5 Million 40.5% $266.7 Million 42.6% January 2021 $201.2 Million 40.7% December 2020 $246.9 Million 27.7% November 2020 $242.5 Million 61.5% October 2020 $268.4 Million 49.7% September 2020 $261.5 Million April 2021 99.1% 3.4% March 2021 97.9% 2.0% February 2021 96.7% 1.2% January 2021 96.6% 0.8% 1.6% December 2020 96.7% 1.2% November 2020 96.7% 0.8% October 2020 96.5% 0.9% September 2020 96.5% 1.0% August 2020 96.1% 0.9% Economists' note : The Median Percent of Original List Price Received is useful as an indicator of market recovery, since it typically rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market has shifted from down to up, so it is what we would call a lagging indicator. Economists' note : Dollar Volume is simply the sum of all sale prices in a given time period, and can quickly be calculated by multiplying Closed Sales by Average Sale Price. It is a strong indicator of the health of the real estate industry in a market, and is of particular interest to real estate professionals, investors, analysts, and government agencies. Potential home sellers and home buyers, on the other hand, will likely be better served by paying attention to trends in the two components of Dollar Volume (i.e. sales and prices) individually. 2.0% 97.7% Year-to-Date Month Med. Pct. of Orig. List Price Received Percent Change Year-over-Year May 2020 95.2% -0.2% April 2020 April 2020 $147.4 Million -34.2% June 2020 95.8% 0.9% July 2020 95.6% August 2020 $262.6 Million 39.0% July 2020 $210.6 Million 16.3% May 2020 $123.7 Million -48.2% 0.4% June 2020 96.0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0% 20% 40% 60% 80% 100% 120% Med. Pct. of Orig. List Price ReceivedMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Townhouses and Condos Dollar Volume The sum of the sale prices for all sales which closed during the month 2017 2018 2019 2020 Median Percent of Original List Price Received The median of the sale price (as a percentage of the original list price) across all properties selling during the month $0 $100 M $200 M $300 M $400 M $500 M Dollar Volume Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. 28 Days -26.3% January 2021 25 Days -34.2% August 2020 34 Days -17.1% Month Median Time to Contract Percent Change Year-over-Year April 2021 12 Days -53.8% 19 Days -40.6% Year-to-Date March 2021 18 Days -33.3% February 2021 October 2020 23 Days -43.9% September 2020 24 Days -33.3% December 2020 23 Days -28.1% November 2020 20 Days -31.0% 45 Days 15.4% June 2020 39 Days -9.3% July 2020 May 2020 37 Days -11.9% April 2020 26 Days -35.0% Month Median Time to Sale Percent Change Year-over-Year April 2021 52 Days -26.8% -19.7% 57 Days Year-to-Date March 2021 55 Days -15.4% February 2021 64 Days -13.5% 6.4% January 2021 67 Days -13.0% December 2020 61 Days -10.3% November 2020 59 Days -10.6% October 2020 61 Days -20.8% September 2020 62 Days -19.5% April 2020 71 Days -5.3% Economists' note : Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell. Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. June 2020 81 Days -1.2% May 2020 78 Days -3.7% August 2020 73 Days -5.2% July 2020 83 Days J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0 20 40 60 80 100 Median Time to Sale0 10 20 30 40 50 Median Time to ContractMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Townhouses and Condos Median Time to Contract The median number of days between the listing date and contract date for all Closed Sales during the month 2017 2018 2019 2020 Median Time to Sale The median number of days between the listing date and closing date for all Closed Sales during the month Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Economists' note : New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. Month New Pending Sales Percent Change Year-over-Year April 2021 1,056 160.1% Year-to-Date 4,333 54.3% September 2020 870 30.6% March 2021 1,216 107.5% February 2021 1,048 9.9% November 2020 783 7.9% October 2020 887 21.5% January 2021 1,013 17.5% December 2020 716 33.8% August 2020 900 21.6% July 2020 930 20.3% June 2020 966 25.8% May 2020 765 -10.1% April 2020 406 -56.7% Month New Listings Percent Change Year-over-Year April 2021 985 82.1% March 2021 1,068 20.7% February 2021 885 -9.0% January 2021 887 -14.9% 842 5.3% August 2020 901 16.4% April 2020 541 -41.7% July 2020 905 20.0% June 2020 837 9.6% Year-to-Date 3,825 11.2% May 2020 805 -4.7% December 2020 663 10.1% November 2020 821 -3.5% October 2020 982 10.2% September 2020 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0 200 400 600 800 1,000 1,200 1,400 New Listings0 200 400 600 800 1,000 1,200 1,400 Pending SalesMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Townhouses and Condos New Pending Sales The number of listed properties that went under contract during the month 2017 2018 2019 2020 New Listings The number of properties put onto the market during the month Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. Economists' note : MSI is a useful indicator of market conditions. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers' market, and anything lower is a sellers' market. There is no single accepted way of calculating MSI. A common method is to divide current Inventory by the most recent month's Closed Sales count, but this count is a usually poor predictor of future Closed Sales due to seasonal cycles. To eliminate seasonal effects, we use the 12-month average of monthly Closed Sales instead. YTD (Monthly Avg) 1.0 -66.7% Month Months Supply Percent Change Year-over-Year April 2020 3.2 -5.9% June 2020 2.9 -6.5% May 2020 3.2 April 2020 2,266 -13.6% June 2020 1,967 -16.6% May 2020 2,188 -11.1% 0.0% August 2020 2.6 -7.1% July 2020 2.7 -3.6% October 2020 2.4 -14.3% September 2020 2.4 -11.1% December 2020 2.0 -28.6% November 2020 2.2 -24.1% February 2021 1.5 -48.3% January 2021 1.8 -40.0% April 2021 0.9 -71.9% March 2021 1.1 -64.5% 1,886 -11.6% October 2020 1,710 -19.2% September 2020 1,685 -18.3% August 2020 1,793 -13.0% July 2020 -39.7% December 2020 1,522 -28.3% November 2020 1,650 -23.6% January 2021 1,334 Month Inventory Percent Change Year-over-Year April 2021 777 -65.7% 1,029 -53.9% YTD (Monthly Avg) March 2021 888 -60.8% February 2021 1,118 -48.6% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A 0.0 1.0 2.0 3.0 4.0 Months Supply of Inventory0 500 1,000 1,500 2,000 2,500 3,000 InventoryMonthly Market Detail - April 2021 2017 2018 2019 2020 Pinellas County Townhouses and Condos Inventory (Active Listings) The number of property listings active at the end of the month 2017 2018 2019 2020 Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. $600,000 - $999,999 16 Days -66.7% $1,000,000 or more 15 Days -59.5% Economists' note : Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and/or declining numbers of cash sales. $150,000 - $199,999 9 Days -59.1% $200,000 - $249,999 10 Days -54.5% $250,000 - $299,999 $400,000 - $599,999 5 Days -79.2% 10 Days -60.0% $300,000 - $399,999 9 Days -65.4% Economists' note: Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. Sale Price Median Time to Contract Percent Change Year-over-Year Less than $50,000 46 Days -20.7% $1,000,000 or more 47 422.2% $250,000 - $299,999 100 104.1% $300,000 - $399,999 137 121.0% $50,000 - $99,999 25 Days -19.4% $100,000 - $149,999 $400,000 - $599,999 125 127.3% $600,000 - $999,999 111 270.0% 16 Days -36.0% $150,000 - $199,999 190 128.9% $200,000 - $249,999 131 104.7% $100,000 - $149,999 202 96.1% Sale Price Closed Sales Percent Change Year-over-Year Less than $50,000 7 -36.4% $50,000 - $99,999 124 42.5% 0 10 20 30 40 50 60 70 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more Median Time to ContractApril 2020 April 2021 0 10 20 30 40 50 60 70 0 50 100 150 200 250 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more Closed SalesApril 2020 April 2021 0 50 100 150 200 250 Monthly Market Detail - April 2021 Pinellas County Townhouses and Condos Closed Sales by Sale Price The number of sales transactions which closed during the month Median Time to Contract by Sale Price The median number of days between the listing date and contract date for all Closed Sales during the month Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. $600,000 - $999,999 76 -67.8% $1,000,000 or more 73 -52.9% Economists' note : There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market (regardless of whether they actually sell). Likewise, it falls when New Listings aren't keeping up with the rate at which homes are going off-market. $150,000 - $199,999 89 -70.2% $200,000 - $249,999 71 -63.4% $250,000 - $299,999 50 -75.2% $300,000 - $399,999 85 -67.7% $400,000 - $599,999 81 -70.7% $50,000 - $99,999 93 -62.0% $100,000 - $149,999 150 -61.3% Current Listing Price Inventory Percent Change Year-over-Year Less than $50,000 9 12.5% $600,000 - $999,999 95 187.9% $1,000,000 or more 43 258.3% Economists' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value—and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings. $150,000 - $199,999 142 44.9% $200,000 - $249,999 124 181.8% $250,000 - $299,999 85 54.5% $300,000 - $399,999 136 81.3% $400,000 - $599,999 133 160.8% $50,000 - $99,999 66 15.8% $100,000 - $149,999 157 38.9% Initial Listing Price New Listings Percent Change Year-over-Year Less than $50,000 4 33.3% 0 50 100 150 200 250 300 350 400 450 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more InventoryApril 2020 April 2021 0 20 40 60 80 100 120 140 160 180 Less than $50,000 $50,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $599,999 $600,000 - $999,999 $1,000,000 or more New ListingsApril 2020 April 2021 0 50 100 150 200 250 300 350 400 450 0 20 40 60 80 100 120 140 160 180 Monthly Market Detail - April 2021 Pinellas County Townhouses and Condos New Listings by Initial Listing Price The number of properties put onto the market during the month Inventory by Current Listing Price The number of property listings active at the end of the month Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, May 21, 2021. Next data release is Tuesday, June 22, 2021. Short Sale 0 0 N/A (No Sales) (No Sales) N/A Foreclosure/REO 0 8 -100.0% (No Sales) $103,000 N/A April 2021 April 2020 Percent Change Year-over-Year Traditional 1,174 545 115.4% $225,000 $197,000 14.2% $0K $50K $100K $150K $200K $250K $300K $350K Median Sale Price0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Closed SalesTraditional Foreclosure/REO Short Sale J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A Monthly Distressed Market - April 2021 Pinellas County Townhouses and Condos 2017 2018 2019 2020 2017 2018 2019 2020
