The two biggest statistical changes in the market, number of active listings and transactions, saw expected decreases because of COVID-19.

Dollar Volume for Single Family Homes saw a 23.9% decrease from $428.5 million in April 2019 to $326.2 million in 2020. The Months Supply of Inventory for Single Family Homes decreased 24.1% from 2.9 months in April 2019 to 2.2 months in April 2020. New Listings for Single Family for April 2020 were 940, down 31.9% from April 2019 at 1,380. The Active Listings for Single Family Homes decreased 21.9% from 3,184 in April 2019 to 2,486 in April 2020. Paid in Cash sales for Single Family decreased 30.7% from 303 in April 2019 to 210 in April 2020. Closed Sales for Single Family were down 26.8% year-over-year from 879 in April 2020, compared to 1,200 in April 2019.

pinellas april real estate

Dollar Volume for Townhome/Condo decreased 34.2% year-over-year from $224.0 million in April 2019 to $147.4 million in April 2020. The Months Supply of Inventory for Townhome/Condo decreased 5.9% from 3.4 months in April 2019 to 3.2 months in April 2020. New Listings for Townhome/Condos for April decreased 41.7% from 928 in 2019 to 541 in 2020. Active Listings for Townhomes/Condos were down 13.6% from 2,622 in April 2019 to 2,266 in April 2020. Paid in Cash sales for Townhome/Condo decreased 44.4% from 435 in April 2019 to 242 in April 2020. Closed Sales for the Townhome/Condo segment were down 35.7% year-over-year, at 860 in April 2020 versus 553 in April 2019.

Information provided by Pinellas Realtor Organization