We continue to talk about inventory here along the beaches of Tampa Bay. January 2012 has continued the trend of dwindling real estate that is actively for sale. The chart at left represents the entire Pinellas County inventory! Active inventory is down 31% from last January with 3,672 fewer listings. Foreclosures alone are down 56% from last January!
According to the Pinellas Board of Realtors, there are fewer than 2 houses for sale for each buyer actively looking in the market. On the other hand, pending contracts were up 22% in January from this time last year. We will be talking about other market statistics in the days to come, but this trend is here in realty... right now. The PURTEE Team monitors the market and its evolving trends. You can sign up to get their monthly updates by sending your email address to info@floridagulfproperty.com
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