Everyone predicted buyer agent commissions would collapse after the 2024 NAR settlement. They didn’t — they actually crept up. Here’s what really changed, and what to expect if you’re buying or selling in St. Petersburg right now.
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.
Are you in search of the perfect blend of comfort, convenience, and coastal charm? Look no further than 150 Mystic Lake Dr, a newly listed gem nestled in the heart of sunny St. Petersburg, FL. This elevated 3-bedroom, 2-bathroom home offers a serene escape just steps away from the picturesque Mystic Lake. Let’s dive into […]
Buying a home is an exciting event. It can also be stressful. The Price Group can help make your transition into your new home seamless. Here are some tips for buying a home in St. Petersburg. Get your finances in order. Consider the costs of buying a home. Ideally, you want to have money saved for […]
Sunbelt Lending Services – John Fenech 727-827-1818: We are very excited to announce the news of our new “Canadian Vacation Home” program. Details will follow but I wanted to get the word out to you in case you have any Canadian buyers currently shopping for a 2nd home. Here are some basic guidelines to help […]
Congratulations to the new owners from The Price Group!
It’s not what you know about home ownership that makes you want to own a home, but rather how you value it. Or so says a new study from Fannie Mae that concludes having a personal experience like being unable to pay a mortgage, thinking home values will fall in the future, or being underwater […]
Are you a buyer sitting on the fence looking at the real estate market and asking the question, “Is now a good time to buy a home, is it safe to buy?” The answer may be yes if you plan on living in the house for the next 5 years or more. The problem I […]
If you are like many home buyers who are trying to break into the real estate market in Tampa Bay, you know there are some amazing deals out there. Homes that sold in 2005 for over $200,000 are now selling for $100,000 or less in some areas! This makes buying a home a lot of […]
Signs of a recovery in the real estate market indicate this may not be the “Winter of your Discount Tent.” Home sales, value and mortgage applications have risen slightly as mortgage rates stand at a historic low. This slight glimmer of positive news is offset by estimates that about 48 percent of all U.S. mortgages […]