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 Cash
0
100
200
300
400
500
Cash Sales
Monthly 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 Price
Monthly 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 Received
Monthly 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
Sale
0
10
20
30
40
50
60
Median Time to
Contract
Monthly 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 Listings
0
500
1,000
1,500
2,000
Pending Sales
Monthly 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
Inventory
0
1,000
2,000
3,000
4,000
Inventory
Monthly 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 Contract
April 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 Sales
April 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
Inventory
April 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 Listings
April 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 Price
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Closed Sales
Traditional
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 Cash
0
100
200
300
400
500
600
700
Cash Sales
Monthly 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 Price
Monthly 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 Received
Monthly 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
Sale
0
10
20
30
40
50
Median Time to
Contract
Monthly 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 Listings
0
200
400
600
800
1,000
1,200
1,400
Pending Sales
Monthly 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
Inventory
0
500
1,000
1,500
2,000
2,500
3,000
Inventory
Monthly 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 Contract
April 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 Sales
April 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
Inventory
April 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 Listings
April 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 Price
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Closed Sales
Traditional
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