Pinellas County Real Estate Market Statistics for May 2010:
Closings of single family homes in May matched the number in April and were 27.6% higher than
May 2009. The median price was down by 4.4% from the previous year. While listings were also
down 9.3%, the drop in inventory slowed compared to the first four months of 2010.
There was a 37.7% increase in condo sales from May 2009 to May 2010. The median price was
down 8.6% from last year. Condo listings were down by 13.8%
While some saw the fewer number of sales in May in comparison to April, year after year there have
been fewer condo sales when looking at month-to-month sales. On the other hand, single family sales
usually go up between April and May. This year they were even. Month-to-month comparisons
might be interesting, but they seldom represent a trend.
Pinellas Residential
Total Property Sales
Total Dollar Volume
Average Sales Price
Median Sales Price
Total Active Listings
Total Pending Listings
Month Supply of Inventory
Pinellas Single Family 10-May 09-May % Change
Total Property Sales 786 616 27.60%
Total Dollar Volume $144,959,800 $124,520,000 16.41%
Average Sales Price $184,400 $202,100 -8.76%
Median Sales Price $138,800 $145,000 -4.28%
Total Active Listings 6,270 6,910 -9.26%
Total Pending Listings 687 799 -14.02%
Month Supply of Inventory 8.1 12.7 -36.22%
Pinellas Condo 10-May 09-May % Change
Total Property Sales 489 355 37.75%
Total Dollar Volume $87,267,900 $67,414,000 29.45%
Average Sales Price $178,500 $189,900 -6.00%
Median Sales Price $118,800 $130,000 -8.62%
Total Active Listings 5,375 6,234 -13.78%
Total Pending Listings 388 460 -15.65%
Month Supply of Inventory 11.7 20.1 -41.79%
From PINELLAS REALTOR ASSOCIATION
For more statistics, see Marketplace Statistics, Monthly Market Report and other reports on the
Statistics page.