Pinellas MLS June 2010 Analysis on Pinellas County Home Values
There were 11,823 homes for sale in Pinellas County as of June, a 7.35% decrease from last year. Meanwhile, the Pinellas MLS reports that single family residential sales were up 7.5% since June of ’09 and condo sales remained at the same level. So yes, despite what you hear on the news, homes are still readily selling. And 51.08% of June sales were CASH transactions (hint hint to you ’regular’ home buyers – investors are out in full force!). 
What’s happening with pricing? The Pinellas MLS reports that the median price for single family homes dropped slightly—1.2% while condo sales experienced a 17% drop year over year. The average sales price for single family homes and condos combined only dropped 3.1%. This is corroborated with S&P’s July 27, 2010 Case-Shiller Home Price Index for Tampa (single family homes and condos combined) which reports a 1.5% drop year over year.
Meanwhile, our friends at Trulia (yes, I’m being facetious) are reporting a 17.3% drop for Tampa Bay and our other favorite friends Zillow are reporting a 6.5% drop for Pinellas County. Lesson learned? Friends shouldn’t let friends do Zesstimates!
Head spinning? You’re not alone. Trust us, the Pinellas MLS stats are the best source of data.
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Copyright © 2012 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than Suncoast Partners @ RE/MAX ELITE Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 5/21/12 4:14 PM PDT.