Real Estate Updates:

Pinellas County: Year-over-year single family home (SFH) median prices increased 11.6% in June to $240,000. The average price increased by 8.5% to $312,210. Total number of y-o-y closed sales for the month decreased from 1,228 to 1,208 or -1.6%. Total county yearly dollar volume increased from $353.4 Million to $377.1 Million, a 6.7% increase.
Strongest Sales Price Range: $200,000 – $400,000. In July 44.6% of Pinellas single family homes sold in this range.
Nationally: The national median existing-home price for 2017 is projected to increase in the 5 percent range with sales rising 2.6%.
Summary in a sentence: A slight softening, still low inventory, and still a stellar seller’s market!
*Sources: NAR (National Assoc. Realtors), Mid-Florida MLS, PRO (Pinellas Realtors Organization), Realtor Magazine, Bloomberg + Locally grown Langrock expertise.