The most recent Pinellas home sales data has been released by PRO (Pinellas Realtors Association.) This month examines July's year-over-year numbers. Currently Pinellas is in a Seller's Market.
Here's a quick synopsis:
While the number of closed home sales continues to rise, the market may not be as stable as it appears. Sellers have had a stellar year with rising home prices, demand from home buyers, and less competition. However, signs are emerging that housing's momentum may be destined to falter in coming months. Analysts note that some of the key foundations needed to sustain a brisk pace of home buying in the long run appear to be missing. The main problem is the simplest: There just aren't enough homes available. Robust demand has failed to draw many sellers into the market.