UPDATES & PREDICTIONS

Studies show fall to early winter can be the best time to buy. It also means autumn can be the right time to sell & buy the home you may be dreaming of. With mortgage rates still attractively under 4%, this might be a good time to consider a move.
Pinellas County: Year-over-year single family home median prices increased 6.7% in August to $237,000 (July y-o-y 11.6%). The y-o-y average price increased by 5.8% to $298,701 (July y-o-y 8.5%). Total county yearly dollar volume increased to $368.3 Million, (3.3%).
*Strongest Sales Price Range*: In August 49% of Pinellas county SFHs sold in the $200,000 – $400,000 range.
National Predictions: Existing-home median price for 2017 is projected to increase in the 5% range, sales to rise 2.6%.
Summary in a sentence: A slight softening, continued low inventory, but still a stellar seller’s market!
*Sources: NAR (National Assoc. Realtors), Mid-Florida MLS, PRO (Pinellas Realtors Organization), Realtor Magazine, Bloomberg + Langrock expertise – locally grown….