Sales of Condos in Pinellas up in January

 

David Bennett, CEO of Pinellas Realtors Organization has released a report of sales for the       condo/town home market in Pinellas for the month of January. Again, as in the single housing

market sales figures, three indices stood out.

 

1. sales increased by +6.6%

2. Median days on the market were down -26.0%

3/ Inventory was down -16.2%

 

There were 419 condo/town home sales reported as opposed to 660 single family homes. That points out the significance of condos (40% of all sales ) and their important contribution to the well fare of the Pinellas County real estate market. Also of note is the number of cash sales...75% of the units sold.