January 16th, 2012 categories: Market Reports
At the end of December 2011, there were 8,030 residential properties on the market in Pinellas County, Florida, according to the Pinellas Realtor Organization. That’s 31% less than the 11,719 properties on the market at the end of December 2011.
To be more significant, let’s relate that to supply. At the end of 2009 there was a 12 month supply of properties in Pinellas County. At the end of 2010 there was a 9 month supply. At the end of 2011 the supply was down to a 6 month supply, which historically is a balanced buyer/seller market.
Remember that this is only an average. Some neighborhoods and condos have much less supply, some much more. For more information on your specific neighborhood, please contact The Simms Team at ALVA International, Inc. real estate.