My New Blog

Here are the most recent numbers for the Tampa Bay area!

Total Listings in Pasco, Pinellas and Hillsborough Combined are as follows for current/prior period: 24,312/24,319/24,072/24,447 Active listings plus 3,322/3,237/3,137/3,344 pending and 18,207/18,161/17,512/18,214 sold 12 months ending 08/15/2008. Average sales price/Days on Market are $255,721/103 vs $256,770/103 vs $253,393/103 vs $259,993/103. The prior 12 month period was 22,787/22,964/23,105/23,252 with an average sales price of $286,287/82 vs $286,520/81 vs $287,051/81 days.

Based on the above recent sales and available listings, the absorption rate is 6.2% reflecting 16 months of inventory.

Of the 24,312/24,319/24,072/24,447 active listings, 9,205/8,166/8,093/8,165 are vacant and 3,113/3,808/3,705/3,674 are in some type of foreclosure stage.

In the most recent month there have been 1,735/1,698/1,683/1,795 sold with an average sale price of $234,822/104 / $235,480/104 days on market vs $238,094/104 days / $235,346/106 days and for the previous 90 days 5,413/5,370/5,366/5,236 sales and an average sale price of $240,986/104 / $242,201/104 days/ $245,016/104 days $254,294/103 days.

Looking at a typical 3 bedroom, 2 bath home between 1,200 - 2,100 sf

Currently 433 homes average sold price of $219,745/89 days on market vs 438 homes prior period with an average sale price of $221,241 for the past 90 days

For the same period last year it was $261,691.

Above Statistics based on single family homes only sold in MLS.

Sponsored by Associated Appraisal Group, Inc. - appraising real estate in Pinellas, Pasco and Hillsborough Counties.