July 2018 Real Estate Stats For Pinellas County

Dated: August 22 2018

Views: 1353

July 2018 Stats for Pinellas County

Image title


The July 2018 real estate stats for Pinellas County are in! We continue to see year over year growth in median sale prices across the board when it comes to single-family homes, condos and townhouses, but only in the single digits. Year to date, the median single-family home price is up +6.2% or $250,000 and the median price for condos & townhouses is up +3.1% to $164,900. In July, the number of single-family home sales was down -1.1% year over year, while the number of closed sales for townhouses and condos was up +3.1%.

Inventory is up slightly in the single-family home market (+2.4% compared to July 2017), while the condo and townhouse market remains tight, with -5.9% less inventory than we had in July 2017. Even with these small changes, buyers must continue to remain competitive and continue to battle multiple offer situations in the more popular neighborhoods. Basically, the best homes continue to sell in record time for top dollar!

The number of cash sales grew +12% in July 2018 vs July 2017. Homes are closing almost a week faster than they did at this time last year, likely indicating a strong real estate market through the end of the year, despite rising interest rates. We may see a smaller amount of positive growth in median home prices as the year comes to an end, but this is a normal phenomenon as interest rates increase to more normal rates (even rates in the mid-5% range on a 30-year fixed rate mortgage are considered historically low).

With the last 4 months of the year nearly upon us, it’s a great time to sell your home! Did you know that our listings often sell faster and for more money in Sept, Oct, and Nov? It’s a trend we see on the Hartmann Team practically every year, as buyers want to get settled into homes before the holiday rush. If you’ve been thinking of selling this year- now is one of the best times to do it!

To see the full version of the July 2018 Pinellas County Real Estate Stats, CLICK HERE.

Blog author image

Andrea Hartmann

Andrea is the Managing Partner of The Sandy Hartmann Group. Andrea was born and raised in the Tampa Bay area and is a licensed Realtor with over 15 years of Marketing and Finance experience, holding ....

Want to Advertise on this Site?

Latest Blog Posts

Learn More About The Tides Beach Club Condos On North Redington Beach

Learn More About The Tides Beach Club Condos On North Redington BeachIf you’ve been looking for that resort-lifestyle experience on the white, sandy beaches of Florida’s Gulf Coast, then keep

Read More

Learn More About The Surfside Towers Condominium In Madeira Beach FL

Learn More About The Surfside Towers Condominium in Madeira BeachLooking for the perfect condo on the beach to call home? Or a beachfront investment property you can generate income from?

Read More

Dont Sell A Home On Your Own Just Because Its A Sellers Market

Don’t Sell a Home on Your Own Just Because It’s a Sellers’ MarketIn a sellers’ market, some homeowners might be tempted to try to sell their home on their own (known as 

Read More

Luxury 4 Bedroom Home For Sale In Seminole

Luxury 4-Bedroom Home For Sale in Seminole, Florida7100 131st Street, Seminole, Florida 33776Offered by The Sandy Hartmann Group for $1,200,000LIVE JUST MINUTES FROM THE BEACH IN THIS STUNNING,

Read More