Pinellas County Real Estate Market Statistics
Hillsborough County Real Estate Market Statistics
About these market statistics....
The two local Realtor organizations, the Pinellas Realtor Organization, and Greater Tampa Realtors, release market statistics each and every month.
These statistics are compiled for the previous month since that is the most recent full picture of data.
For example, the statistics package that was released in April would be for completed sales and homes listed in March.
In addition, we do not compared a month to the previous month, because over the course of a year there is a natural ebb and flow to the real estate cycle. Here in Tampa Bay, we have slow months around the start and end of the school year. So comparing July to August is almost always going to show the same trend.
Instead, we compare year to year. So for example, we would compare sales data from June 2020 to June 2019.
This helps us to clearly identify long term market trends.
If that timeframe seems a little long to you, rest assured that the estate market is very slow to change direction or move. Many times it will take months for a new trend to develop or show itself. So the comparison to the previous year’s numbers in most cases works perfectly fine.
And in cases where it doesnt, I’ll be sure to mention it in the video.
If you would like to be updated when I release a new video, as well as recieve a copy of these statistics, you can sign up for my statistics email list below.
I have a 6 unit bld on SPB. So far I have been ok with tenants paying rent on time. Have you heard of problems other landlords are having?
I have no idea what this place is , in case I had to sell.
Thanks for the question Rob. There have been some tenants that due to the pandemic have not been able to make rent, but from what I’ve been hearing it’s still relatively rare thankfully. There is a statewide exception still currently in place that prohibit evictions if tenant is unable to pay directly due to coronavirus. I believe it’s because Tampa Bay and the beaches in particular are such an in-demand area that no one wants to take a chance on losing their spot.