Pinellas County home sales torrid in September

Single family home and condo sales increased more than +20% in September 2013 vs. 2012. The median price of homes increased + 20.6% reaching $160,000. Cash sales for single family homes were up +7.3% and town homes and condos saw a +17.9% increase in cash sales. A sign of the healthier real estate market was reflected in short sales declining by -28.9% in single family homes and -49.4% in town homes and condos. Low inventories and fewer distressed homes contribute to the price strengthening in home prices.