Pinellas County Real Estate Statistics for April 2018

**The latest sales figures for the Pinellas real estate market. This is the unmodified PRO report. 

The Pinellas County housing market in April continued the trend of higher median sale prices and faster
median time to contract for both Single Family Homes and Townhome/Condo. The most noticeable difference
that breaks from what we’ve been seeing in 2018, is that for the first time since January 2018, new listings
for the month were more than the same month last year. New Listings for Single Family for April were 1,449, up 1.4%
from last April, at 1,429. New Listings for Townhome/Condos for April 2018 were at 1,007, up 4.8% from 961 in
April 2017.

The Median Sale Price for Townhomes/Condos was $169,900 for April 2018, up 8.9% from $156,000 in April 2017.
The Median Sale Price for Single Family Homes was up by 7.6% from last year, at $252,750 for April 2018 versus
$235,000 for April 2017. The Months Supply of Inventory for Single Family Homes remained the same
year-over-year, with a 2.6 Month Supply this April, as compared to a 2.6 Month Supply in April 2017. The
Months Supply of Inventory for Townhome/Condo also fell 9.1%, from 3.3 months in April 2017 to 3.0 months in
April 2018.

Movement on Single Family Home sales also improved year-over-year. The Average Sale Price for Single
Family Homes rose from $318,451 in April 2017 to $335,499 in April 2018. The Median Time to Contract for Single
Family Homes was 27 days in April 2018, down 6.9% from 29 days last April. The Median Time to Sale for Single
Family Homes was 66 days this April, down 7.0% from 71 days last April. Dollar Volume for Single Family Homes
increased 4.7% year-over-year, with $406.6 million in 2018 versus $388.5 million in April 2017. Year-over-year,
Closed Sales for the Single Family were slightly down -0.7%, with 1,212 in April 2018 versus 1,220 in April 2017.
The Average Sale Price for Townhome/Condo was $236,292 in April 2018, up from $223,482 in April 2017. The
Median Time to Contract for Townhome/Condo market was 29 days. It was 34 days in April 2017. Median Time
to Sale for Townhome/Condo market was 70 days in April 2018 and 77 days in 2017, down at 9.1%. Dollar
Volume for Townhome/Condo saw a 2.2% increase year-over-year, with $203.4 million in April 2018 compared
to $199.1 million in April 2017. Coinciding with less Townhome/Condo inventory, closed sales for the Townhome/Condo
segment were down by 3.4% year-over-year, at 861 in April 2018 versus 891 in April 2017.

Posted on May 29, 2018 at 11:58 am
REMAX Metro | Category: Events, Main Blog

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