Florida Realtors Chief Economist Dr. Brad O’Connor says the next few months will determine whether the market stabilizes or softens. Here’s what buyers and sellers need to know right now.
Florida’s real estate market is deeply divided in 2026. Miami prices are climbing while Gulf Coast cities like Cape Coral are seeing double-digit declines. Here’s how to decide which market fits your goals.
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.
MLS data downtown St. Pete FL Single family homes.
Jan. 25, 2010 – For more than a year, the government pulled out the stops to revive homebuying by driving down mortgage rates. Now, whether the housing market is ready or not, the government is pulling out. The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test […]
Jan. 25, 2010 – Florida’s existing home sales rose in December, marking 16 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. Existing home sales rose 33 percent last month with a total of 14,630 homes sold statewide compared to 11,013 homes sold in […]
Lot’s of great info here! Take a look at the number of active homes on the market today compared to the past couple of years. The median home price is also on the rise. If we see the unemployment rate go down we could see a much faster recovery in Pinellas County. The number of […]
TAMPA, Fla. – Jan. 5, 2009 – Florida homeowners facing foreclosure may soon get one last chance to negotiate with lenders trying to take back their homes. The Florida Supreme Court issued an administrative order last week that requires a third-party mediation program with all new foreclosure lawsuits involving primary residences. The goal of the […]
A Great Deal in Real Estate is Now Better ote: This is intended to provide an overview only – for specific information or individual concerns, please contact your lawyer, accountant and/or financial advisor. The federal income tax credit for homebuyers has been extended and expanded to now include homeowners who wish to “move on” after […]
Fed housing program encourages short sales WASHINGTON – Dec. 1, 2009 – The Obama Administration, through the Treasury Department, announced new housing guidelines yesterday. While a series of announcements highlighted different programs, the National Association of Realtors (NAR) focused on changes that will make it easier for real estate associates to deal with short sales […]