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Declining Inventory of homes for sale in St Petersburg Florida

We’ve been talking about the declining real estate inventory of homes for sale  in many of the local St Petersburg neighborhoods. Here are some statistics as of September 1, 2012:

Single family homes for sale in St Petersburg:  863 homes for sale, 1,036 homes under contract – so 20% more homes are under contract than available.

Downtown St Petersburg condos: 25 condos for sale, 30 condos under contract. Again, 20% more under contract than available.

This doesn’t apply to all neighborhoods, of course. In Broadwater, for example, there are 10 waterfront homes for sale compared to 2 waterfront homes under contract.

We at The Simms Team didn’t have a summer slowdown – all three of us have been busy selling homes and condos all summer.

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