The biggest statistical change in the market, number of active listings, saw expected decreases because of COVID-19. Single Family Homes and Townhomes/Condos were selling at higher prices year-over-year. The Average Sale Price for Single Family Homes increased 6.5% from $357,092 in June 2019 to $380,329 in June 2020. The Average Sale Price for Townhome/Condo was up 18.8% from $243,503 in June 2019 to $289,347 in June 2020. The Median Sale Price for Single Family Homes was up by 9.1% from last year at $275,000 for June 2019 to $300,000 for June 2020. The Median Sale Price for Townhomes/Condos increased 18.5% from $173,000 in June 2019 to $205,000 in June 2020.

real estate facts june 2020

Dollar Volume for Single Family Homes saw a 17.2% increase from $420.7 million in June 2019 to $492.9 million in 2020. Closed Sales for Single Family were up 10.0% year-over-year from 1,296 in June 2020, compared to 1,178 in June 2019. Paid in Cash sales for Single Family decreased 9.0% from 311 in June 2019 to 283 in June 2020. The Months Supply of Inventory for Single Family Homes decreased 39.3% from 2.8 months in June 2019 to 1.7 months in June 2020. The Active Listings for Single Family Homes decreased 39.9% from 3,049 in June 2019 to 1,832 in June 2020. The Median Time to Contract for Single Family Homes was up 7.7% from 26 days in June 2019 to 28 days in June 2020. The Median Time to Sale for Single Family Homes remained the same from 67 days last June to 67 days this June. New Listings for Single Family for June 2020 were 1,336, down 8.0% from June 2019 at 1,229.

Dollar Volume for Townhome/Condo increased 16.3% year-over-year from $181.2 million in June 2019 to $210.6 million in June 2020. Closed Sales for the Townhome/Condo segment were down 2.2% year-over-year, at 728 in June 2020 versus 744 in June 2019. Paid in Cash sales for Townhome/Condo remained the same from 348 in June 2019 to 348 in June 2020. The Months Supply of Inventory for Townhome/Condo decreased 6.5% from from 3.1 months in June 2019 to 2.9 months in June 2020. Active Listings for Townhomes/Condos were down 16.6% from 2,359 in June 2019 to 1,967 in June 2020. The Median Time to Contract for Townhome/Condo market decreased 9.3% from 43 days in June 2019 to 39 days June 2020. The Median Time to Sale for Townho-me/Condo market decreased 1.2% from 82 days in June 2019 to 81 days in June 2020. New Listings for Townhome/Condos for June increased 9.8% from 764 in 2019 to 839 in 2020.

Information provided by Pinellas Realtor Organization.