Pinellas County Real Estate Market: October 2024 Highlights
The Pinellas County real estate market is transitioning into a more balanced state as we wrap up 2024. Sales volumes stabilized in October compared to September, but remain significantly lower than last year, reflecting cautious buyer behavior amid high mortgage rates. Median prices softened for single-family homes, declining to $460,000, while townhouses and condos saw a slight recovery to $282,500. Homes are staying on the market longer, with single-family properties taking 37 days to contract and condos averaging 65 days. Elevated inventory levels continue to offer buyers more options, particularly in the condo market.

