Pinellas County Real Estate Statistics For November 2020

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Pinellas County Real Estate Statistics for November 2020The biggest statistical change in the market, number of active listings, saw expected decreases because of COVID19. Single Family Homes and Townhomes/Condos were selling at higher prices year-over-year. The Average SalePrice for Single Family Homes increased 20.8% from 345,469 in November 2019 to 417,397 in November 2020.The Average Sale Price for Townhome/Condo was up 34.4% from 234,619 in November 2019 to 315,342 inNovember 2020. The Median Sale Price for Single Family Homes was up by 14.3% from last year at 280,000 forNovember 2019 to 320,000 for November 2020. The Median Sale Price for Townhomes/Condos increased 35.5%from 165,000 in November 2019 to 223,500 in November 2020.Dollar Volume for Single Family Homes saw a 38.4% increase from 327.5 million in November 2019 to 453.3million in 2020. Closed Sales for Single Family were up 14.6% year-over-year from 1,086 in November 2020,compared to 948 in November 2019. Paid in Cash sales for Single Family increased 10.5% from 266 in November2019 to 294 in November 2020. The Months Supply of Inventory for Single Family Homes decreased 41.7% from 2.4months in November 2019 to 1.4 months in November 2020. The Active Listings for Single Family Homes decreased40.7% from 2,649 in November 2019 to 1,570 in November 2020. The Median Time to Contract for Single FamilyHomes was down 62.5% from 24 days in November 2019 to 9 days in November 2020. The Median Time to Sale forSingle Family Homes decreased 18.0% from 61 days in November 2019 to 50 days in November 2020. New Listingsfor Single Family for November 2020 were 1,063, down 0.2% from November 2019 at 1,065.Dollar Volume for Townhome/Condo increased 61.5% year-over-year from 150.2 million in November 2019 to 242.5 million in November 2020. Closed Sales for the Townhome/Condo segment were up 20.2% year-overyear, at 769 in November 2020 versus 640 in November 2019. Paid in Cash sales for Townhome/Condo increased 7.6% from 340 in November 2019 to 366 in November 2020. The Months Supply of Inventory forTownhome/Condo decreased 24.1% from 2.9 months in November 2019 to 2.2 months in November 2020. ActiveListings for Townhomes/Condos were down 23.6% from 2,161 in November 2019 to 1,650 in November 2020. TheMedian Time to Contract for Townhome/Condo market decreased 31.0% from 29 days in November 2019 to 20 daysNovember 2020. The Median Time to Sale for Townhome/Condo market decreased 10.6% from 66 days inNovember 2019 to 59 days in November 2020. New Listings for Townhome/Condos for Novem-ber decreased 3.5%from 851 in 2019 to 821 in 2020.Representing over 9,000 members, the Pinellas Realtor Organization/Central Pasco Realtor Organization is one ofthe Tampa Bay area’s largest professional trade associations. The organization advances and promotes the realestate profession through professional development programs, government affairs, and political advocacy andmaintains a high standard of conduct by real estate professionals through professional stan-dards training andadministration.Combined Single Family Homes & Townhomes/CondosSummary Statistics% changeyear over yearNov 2020FebNov. 201914Closed Sales1855158816.8%Paid in Cash6606068.9%New Pending Sales182417206.0%New Listings18841916-1.7%Pending Inventory2598229013.4%Inventory (Active Listings)32204810-33.1%source: Florida Realtors

Absorption rate estimates the rate at whichactive listings are selling in a given market.It’s calculated by dividing the number of closedsales by the number of active listings.A low absorption rate means that homes are sellingslowly (suggesting a buyer’s market) while a highabsorption rate means that homes are sellingquickly (suggesting a seller’s market).Absorption RateSingle 29%47%December36%28%36%source: Stellar MLS Live Data n Feb Mar Apr May JunJul Aug Sep Oct Nov Dec60%50%40%201730%2018201920%202010%0%Jan Feb Mar Apr May JunJul Aug Sep Oct Nov Dec

Monthly Market Detail - November 2020Single Family HomesPinellas CountySummary StatisticsNovember 20191,08694814.6%29426610.5%Median Sale Price 320,000 280,00014.3%Average Sale Price 417,397 345,46920.8%Dollar Volume 453.3 Million 327.5 Million38.4%Median Percent of OriginalList Price Received98.9%96.5%2.5%Median Time to Contract9 Days24 Days-62.5%Median Time to Sale50 Days61 Days-18.0%New Pending Sales1,0419944.7%New Listings1,0631,065-0.2%Pending Inventory1,4491,28312.9%Inventory (Active Listings)1,5702,649-40.7%Months Supply of Inventory1.42.4-41.7%Closed SalesPaid in CashClosed SalesMonthThe number of sales transactions which closed duringthe monthEconomists' note : Closed Sales are one of the simplest—yet mostimportant—indicators for the residential real estate market. Whencomparing Closed Sales across markets of different sizes, werecommend comparing the percent changes in sales rather than thenumber of sales. Closed Sales (and many other market metrics) areaffected by seasonal cycles, so actual trends are more accuratelyrepresented by year-over-year changes (i.e. comparing a month's salesto the amount of sales in the same month in the previous year), ratherthan changes from one month to the next.201620172018Closed SalesClosed SalesPercent r 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November .7%3.4%24.2%12.0%-3.8%20192,0001,5001,0005000J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.Percent ChangeYear-over-YearNovember 20202020

Monthly Market Detail - November 2020Single Family HomesPinellas CountyCash SalesMonthCash SalesYear-to-DateThe number of Closed Sales during the month in whichbuyers exclusively paid in cashEconomists' note : Cash Sales can be a useful indicator of the extent towhich investors are participating in the market. Why? Investors arefar more likely to have the funds to purchase a home available up front,whereas the typical homebuyer requires a mortgage or some otherform of financing. There are, of course, many possible exceptions, sothis statistic should be interpreted with care.20162017November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 20192018Percent .2%-30.7%3.7%-3.4%15.8%11.9%-1.5%20192020500Cash Sales4003002001000J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONCash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash SalesEconomists' note : This statistic is simply another way of viewingCash Sales. The remaining percentages of Closed Sales (i.e. those notpaid fully in cash) each month involved some sort of financing, such asmortgages, owner/seller financing, assumed loans, etc.201620172018Percent of ClosedSales Paid in CashMonthYear-to-Date25.8%-5.1%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November -9.8%-5.5%0.0%-6.6%-6.8%0.0%2.6%2019Paid in CashPct. of Closed Sales50%40%30%20%10%0%J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.Percent ChangeYear-over-Year2020

Monthly Market Detail - November 2020Single Family HomesPinellas CountyMedian Sale PriceMonthThe median sale price reported for the month (i.e. 50%of sales were above and 50% of sales were below)Economists' note : Median Sale Price is our preferred summarystatistic for price activity because, unlike Average Sale Price, MedianSale Price is not sensitive to high sale prices for small numbers ofhomes that may not be characteristic of the market area. Keep in mindthat median price trends over time are not always solely caused bychanges in the general value of local real estate. Median sale price onlyreflects the values of the homes that sold each month, and the mix ofthe types of homes that sell can change over time.20162017Median Sale PricePercent ChangeYear-over-YearYear-to-Date 300,00011.1%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 2019 320,000 325,000 320,000 318,000 308,000 300,000 285,000 290,000 287,000 280,000 265,000 275,250 7%6.0%10.1%7.1%201820192020Median Sale Price 350K 300K 250K 200K 150K 100K 50K 0KJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONAverage Sale PriceMonthThe average sale price reported for the month (i.e.total sales in dollars divided by the number of sales)Economists' note : Usually, we prefer Median Sale Price over AverageSale Price as a summary statistic for home prices. However, AverageSale Price does have its uses—particularly when it is analyzedalongside the Median Sale Price. For one, the relative differencebetween the two statistics can provide some insight into the market forhigher-end homes in an area.201620172018Average Sale PriceYear-to-Date 393,71010.8%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 2019 417,397 451,693 424,021 414,987 400,711 380,329 364,707 371,095 364,320 362,088 340,103 367,394 .2%-7.2%12.4%3.9%2019Average Sale Price 500K 400K 300K 200K 100K 0KJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.Percent ChangeYear-over-Year2020

Monthly Market Detail - November 2020Single Family HomesPinellas CountyDollar VolumeThe sum of the sale prices for all sales which closedduring the monthEconomists' note : Dollar Volume is simply the sum of all sale pricesin a given time period, and can quickly be calculated by multiplyingClosed Sales by Average Sale Price. It is a strong indicator of the healthof the real estate industry in a market, and is of particular interest toreal estate professionals, investors, analysts, and government agencies.Potential home sellers and home buyers, on the other hand, will likelybe better served by paying attention to trends in the two componentsof Dollar Volume (i.e. sales and prices) individually.20162017Percent ChangeYear-over-YearMonthDollar VolumeYear-to-Date 4.8 Billion10.2% 453.3 Million 557.4 Million 517.7 Million 533.7 Million 561.8 Million 492.9 Million 286.7 Million 326.2 Million 445.6 Million 342.2 Million 289.4 Million 427.6 Million 327.5 0.1%3.1%15.3%26.0%0.0%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 2019201820192020 600 MDollar Volume 500 M 400 M 300 M 200 M 100 M 0J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONMedian Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original listprice) across all properties selling during the monthEconomists' note : The Median Percent of Original List Price Receivedis useful as an indicator of market recovery, since it typically rises asbuyers realize that the market may be moving away from them andthey need to match the selling price (or better it) in order to get acontract on the house. This is usually the last measure to indicate amarket has shifted from down to up, so it is what we would call alagging indicator.201620172018Med. Pct. of Orig.List Price ReceivedPercent ChangeYear-over-YearYear-to-DateNovember 202097.6%98.9%1.7%2.5%October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 0.9%0.6%0.6%Month2019List Price ReceivedMed. Pct. of Orig.120%100%80%60%40%20%0%J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.2020

Monthly Market Detail - November 2020Single Family HomesPinellas CountyMedian Time to ContractThe median number of days between the listing dateand contract date for all Closed Sales during the monthEconomists' note : Like Time to Sale, Time to Contract is a measure ofthe length of the home selling process calculated for sales which closedduring the month. The difference is that Time to Contract measuresthe number of days between the initial listing of a property and thesigning of the contract which eventually led to the closing of the sale.When the gap between Median Time to Contract and Median Time toSale grows, it is usually a sign of longer closing times and/or decliningnumbers of cash sales.20162017Median Time toContractMonthPercent ChangeYear-over-YearYear-to-Date17 Days-43.3%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 20199 Days10 Days9 Days14 Days19 Days28 Days22 Days17 Days21 Days30 Days32 Days28 Days24 -30.0%-38.8%-11.1%3.7%-7.7%201820192020Contract toMedian Time6050403020100J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONMedian Time to SaleMonthThe median number of days between the listing dateand closing date for all Closed Sales during the monthEconomists' note : Time to Sale is a measure of the length of the homeselling process, calculated as the number of days between the initiallisting of a property and the closing of the sale. Median Time to Sale isthe amount of time the "middle" property selling this month was onthe market. That is, 50% of homes selling this month took less time tosell, and 50% of homes took more time to sell. Median Time to Salegives a more accurate picture than Average Time to Sale, which can beskewed upward by small numbers of properties taking an abnormallylong time to sell.SaletoMedian Time201620172018Median Time to SaleYear-to-Date58 Days-17.1%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 201950 Days51 Days50 Days56 Days62 Days67 Days63 Days56 Days58 Days68 Days70 Days67 Days61 -12.1%-21.8%-6.7%6.3%-6.2%2019100806040200J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.Percent ChangeYear-over-Year2020

Monthly Market Detail - November 2020Single Family HomesPinellas CountyNew Pending SalesMonthThe number of listed properties that went undercontract during the monthEconomists' note : Because of the typical length of time it takes for asale to close, economists consider Pending Sales to be a decentindicator of potential future Closed Sales. It is important to bear inmind, however, that not all Pending Sales will be closed successfully.So, the effectiveness of Pending Sales as a future indicator of ClosedSales is susceptible to changes in market conditions such as theavailability of financing for homebuyers and the inventory ofdistressed properties for sale.20162017New Pending SalesPercent ChangeYear-over-YearYear-to-Date13,3340.3%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November .2%-31.8%6.8%9.9%13.1%8.4%201820192020Pending Sales2,0001,5001,0005000J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONNew ListingsMonthThe number of properties put onto the market duringthe monthEconomists' note : New Listings tend to rise in delayed response toincreasing prices, so they are often seen as a lagging indicator ofmarket health. As prices rise, potential sellers raise their estimationsof value—and in the most recent cycle, rising prices have freed upmany potential sellers who were previously underwater on theirmortgages. Note that in our calculations, we take care to not includeproperties that were recently taken off the market and quickly relisted,since these are not really new listings.201620172018New ListingsYear-to-Date13,637-5.5%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 31.9%-5.7%-8.0%-7.4%-5.6%-17.2%2019New Listings2,0001,5001,0005000J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.Percent ChangeYear-over-Year2020

Monthly Market Detail - November 2020Single Family HomesPinellas CountyInventory (Active Listings)The number of property listings active at the end ofthe monthEconomists' note : There are a number of ways to define and calculateInventory. Our method is to simply count the number of active listingson the last day of the month, and hold this number to compare with thesame month the following year. Inventory rises when New Listings areoutpacing the number of listings that go off-market (regardless ofwhether they actually sell). Likewise, it falls when New Listings aren'tkeeping up with the rate at which homes are going off-market.20162017InventoryPercent ChangeYear-over-YearYTD (Monthly Avg)1,974-34.6%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November th201820192020Inventory4,0003,0002,0001,0000J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONMonths Supply of InventoryAn estimate of the number of months it will take todeplete the current Inventory given recent sales ratesEconomists' note : MSI is a useful indicator of market conditions. Thebenchmark for a balanced market (favoring neither buyer nor seller) is5.5 months of inventory. Anything higher is traditionally a buyers'market, and anything lower is a sellers' market. There is no singleaccepted way of calculating MSI. A common method is to dividecurrent Inventory by the most recent month's Closed Sales count, butthis count is a usually poor predictor of future Closed Sales due toseasonal cycles. To eliminate seasonal effects, we use the 12-monthaverage of monthly Closed Sales instead.Months Supply ofInventory20162017Months SupplyPercent ChangeYear-over-YearYTD (Monthly Avg)2.0-25.9%November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November .00.50.0J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.2020

Monthly Market Detail - November 2020Single Family HomesPinellas CountyClosed Sales by Sale PriceSale PriceThe number of sales transactions which closed duringthe monthClosed SalesEconomists' note:Closed Sales are one of the simplest—yet mostimportant—indicators for the residential real estate market. Whencomparing Closed Sales across markets of different sizes, werecommend comparing the percent changes in sales rather than thenumber of sales. Closed Sales (and many other market metrics) areaffected by seasonal cycles,so actual trends are more accuratelyrepresented by year-over-year changes (i.e. comparing a month's salesto the amount of sales in the same month in the previous year), ratherthan changes from one month to the next.November 2019November 2020Closed SalesPercent ChangeYear-over-YearLess than 50,0000-100.0% 50,000 - 99,99910-69.7% 100,000 - 149,99919-61.2% 150,000 - 199,99997-21.8% 200,000 - 249,999161-9.0% 250,000 - 299,999 300,000 - 399,99918825237.2%22.3% 400,000 - 599,99919252.4% 600,000 - 999,99911257.7% 1,000,000 or ss than 50,000 50,000 99,999 100,000 149,999 150,000 199,999 200,000 249,999 250,000 299,999Median Time to Contract by Sale PriceMedian Time to ContractEconomists' note : Like Time to Sale, Time to Contract is a measure ofthe length of the home selling process calculated for sales which closedduring the month. The difference is that Time to Contract measuresthe number of days between the initial listing of a property and thesigning of the contract which eventually led to the closing of the sale.When the gap between Median Time to Contract and Median Time toSale grows, it is usually a sign of longer closing times and/or decliningnumbers of cash sales.November 2019 400,000 599,999 600,000 999,999 1,000,000 ormoreMedian Time toContractPercent ChangeYear-over-YearLess than 50,000(No Sales)N/A 50,000 - 99,99918 Days28.6% 100,000 - 149,9994 Days-84.6% 150,000 - 199,9999 Days-52.6% 200,000 - 249,999 250,000 - 299,99911 Days8 Days-42.1%-65.2% 300,000 - 399,9996 Days-73.9% 400,000 - 599,999 600,000 - 999,9997 Days16 Days-68.2%-73.3% 1,000,000 or more39 Days-66.9%Sale PriceThe median number of days between the listing dateand contract date for all Closed Sales during the month140120 300,000 399,999November 2020140120100100808060604040202000Less than 50,000 50,000 99,999 100,000 149,999 150,000 199,999 200,000 249,999 250,000 299,999 300,000 399,999 400,000 599,999 600,000 - 1,000,000 or 999,999moreProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.

Monthly Market Detail - November 2020Single Family HomesPinellas CountyNew Listings by Initial Listing PriceThe number of properties put onto the market duringthe monthEconomists' note: New Listings tend to rise in delayed response toincreasing prices, so they are often seen as a lagging indicator ofmarket health. As prices rise, potential sellers raise their estimationsof value—and in the most recent cycle, rising prices have freed upmany potential sellers who were previously underwater on theirmortgages. Note that in our calculations, we take care to not includeproperties that were recently taken off the market and quickly relisted,since these are not really new listings.New ListingsNovember 2019Percent ChangeYear-over-YearInitial Listing PriceNew ListingsLess than 50,0000-100.0% 50,000 - 99,9995-66.7% 100,000 - 149,99931-35.4% 150,000 - 199,999100-28.1% 200,000 - 249,999 250,000 - 299,999143196-13.9%1.6% 300,000 - 399,99924620.6% 400,000 - 599,999 600,000 - 999,99918310515.8%18.0% 1,000,000 or more545.9%November 2020300300250250200200150150100100505000Less than 50,000 50,000 99,999 100,000 149,999 150,000 199,999 200,000 249,999 250,000 299,999Inventory by Current Listing PriceEconomists' note : There are a number of ways to define and calculateInventory. Our method is to simply count the number of active listingson the last day of the month, and hold this number to compare with thesame month the following year. Inventory rises when New Listings areoutpacing the number of listings that go off-market (regardless ofwhether they actually sell). Likewise, it falls when New Listings aren'tkeeping up with the rate at which homes are going off-market.November 2019 400,000 599,999Current Listing PriceThe number of property listings active at the end ofthe month500 300,000 399,999 600,000 999,999 1,000,000 ormoreInventoryPercent ChangeYear-over-YearLess than 50,0004-20.0% 50,000 - 99,99913-69.8% 100,000 - 149,99952-50.0% 150,000 - 199,999139-47.1% 200,000 - 249,999178-44.7% 250,000 - 299,999 300,000 - 399,999193283-46.4%-32.6% 400,000 - 599,999283-37.9% 600,000 - 999,999 1,000,000 or more225200-42.6%-29.6%November 00150100150100505000Less than 50,000 50,000 99,999 100,000 149,999 150,000 199,999 200,000 249,999 250,000 299,999 300,000 399,999 400,000 599,999 600,000 - 1,000,000 or 999,999moreProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.

Monthly Distressed Market - November 2020Single Family HomesPinellas CountyNovember 2020Closed SalesNovember 2019Percent ChangeYear-over-Year1,07890918.6% 320,000 284,00012.7%327-88.9% 640,000 175,000265.7%512-58.3% 189,500 157,75020.1%TraditionalMedian Sale PriceClosed SalesForeclosure/REOMedian Sale PriceClosed SalesShort SaleMedian Sale 0Short Sale100%90%Closed Sales80%70%60%50%40%30%20%10%0%J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASON 700K 600KMedian Sale Price 500K 400K 300K 200K 100K 0KJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASON2016201720182019Produced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.2020

Monthly Market Detail - November 2020Townhouses and CondosPinellas CountySummary StatisticsNovember 201976964020.2%3663407.6%Median Sale Price 223,500 165,00035.5%Average Sale Price 315,342 234,61934.4%Dollar Volume 242.5 Million 150.2 Million61.5%Median Percent of OriginalList Price Received96.7%95.9%0.8%Median Time to Contract20 Days29 Days-31.0%Median Time to Sale59 Days66 Days-10.6%New Pending Sales7837267.9%New Listings821851-3.5%Pending Inventory1,1491,00714.1%Inventory (Active Listings)1,6502,161-23.6%Months Supply of Inventory2.22.9-24.1%Closed SalesPaid in CashClosed SalesMonthClosed SalesYear-to-DateThe number of sales transactions which closed duringthe monthEconomists' note : Closed Sales are one of the simplest—yet mostimportant—indicators for the residential real estate market. Whencomparing Closed Sales across markets of different sizes, werecommend comparing the percent changes in sales rather than thenumber of sales. Closed Sales (and many other market metrics) areaffected by seasonal cycles, so actual trends are more accuratelyrepresented by year-over-year changes (i.e. comparing a month's salesto the amount of sales in the same month in the previous year), ratherthan changes from one month to the next.201620172018November 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 2019Closed SalesPercent 8006004002000J FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONDJ FMAMJ JASONProduced by Florida Realtors with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Tuesday, December 22, 2020. Next data release is Friday, January 22, 2021.Percent ChangeYear-over-YearNovember 20202020

Monthly Market Detail - November 2020Townhouses and CondosPinellas CountyCash SalesMonthCash Sal

Representing over 9,000 members, the Pinellas Realtor Organization/Central Pasco Realtor Organization is one of the Tampa Bay area’s largest professional trade associations. The organization advances and promotes the real estate profession through professional development programs, government affairs, and political advocacy and

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