The Median Time to Sale for Single Family Homes was down 12.1% from 66 days last March to 58 days this March. The Median Time to Sale for Townhome/Condo market decreased 9.7% from 72 days in March 2019 to 65 days in March 2020.

The Average Sale Price for Single Family Homes increased 6.2% from $343,150 in March 2019 to $364,320 in March 2020. The Median Sale Price and Dollar Volume for Single Family Homes saw an increase year-over-year in Pinellas County for March 2020. The Median Sale Price for Single Family Homes was up by 8.3% from last year at $265,000 for March 2019 to $287,000 for March 2020. Dollar Volume for Single Family Homes saw a 10.1% increase from $404.6 million in March 2019 to $445.6 million in 2020.

march real estate facts

The Months Supply of Inventory for Single Family Homes decreased 26.7% from 3.0 months in March 2019 to 2.2 months in March 2020. New Listings for Single Family for March 2020 were 1,395, down 5.7% from March 2019 at 1,479. The Active Listings for Single Family Homes decreased 23.3% from 3,297 in March 2019 to 2,530 in March 2020. Paid in Cash sales for Single Family increased 3.7% from 324 in March 2019 to 336 in March 2020. Closed Sales for Single Family were up 3.7% year-over-year from 1,223 in March 2020, compared to 1,179 in March 2019.

The Average Sale Price for Townhome/Condo was down 15.9% from $316,268 in March 2019 to $266,121 in March 2020. The Median Sale Price for Townhomes/Condos increased 10.6% from $169,950 in March 2019 to $188,000 in March 2020. Dollar Volume for Townhome/Condo decreased 22.7% year-over-year from $278.0 million in March 2019 to $214.8 million in March 2020. The Months Supply of Inventory for Townhome/Condo decreased 11.4% from 3.5 months in March 2019 to 3.1 months in March 2020. New Listings for Townhome/Condos for March decreased 16.2% from 1,056 in 2019 to 885 in 2020. Active Listings for Townhomes/Condos were down 15.3% from 2,678 in March 2019 to 2,268 in March 2020. Paid in Cash sales for Townhome/Condo decreased 13.6% from 486 in March 2019 to 420 in March 2020. Closed Sales for the Townhome/Condo segment were down 8.2% year-over-year, at 807 in March 2020 versus 879 in March 2019.

 Information provided by Pinellas Realtor Organization