Updates & Predictions – Local & National

Pinellas County: Year-over-year single family home median price in Sept increased 11.7% to $248,000 (Aug. 6.7%). The average price increased 11.2% yoy to $316000 (Aug. 5.8%). Strongest SFHs Sales Price Range: $200,000 – $400,000.
National Predictions: Existing-home median price for 2017 is projected to increase in the 5% range, sales to rise 2.6%.
Summary in seconds: We in Pinellas are outpacing the nation; continued low inventory & rising prices = a stellar seller’s market!
*Sources: NAR (National Assoc. Realtors), Mid-Florida MLS, PRO (Pinellas Realtors Organization), Realtor Magazine, Bloomberg + Langrock expertise, locally grown