Numbers rarely lie, although they can be deceiving. These, however, are simply depressing. I have broken the categories down into 3 groups:
- Tampa Bay Area - comprises Pinellas, Pasco, and Hillsborough counties
- Pinellas County
- The Beaches (Clearwater Beach & Island Estates south to Indian Rocks Beach/Walsingham Rd)
MLS MONTHLY REPORT OCT ‘07
TAMPA BAY AREA Homes Condos Total Units
Total Units Available: 29,266 12,472 41,738
Total Units Pending: 1,750 481 2,231
Total Units Sold: 1,540 498 2,038
Absorption rate: 5.26% 3.99% 4.88%
Avg Days on Market 95 days 106 days 98 days
Months of Inventory 19.0 mons 25.0 mons 20.5 mons
Sold vs List Price % 93% 95% 94%
PINELLAS COUNTY Homes Condos Total Units
Total Units Available: 9,681 7,625 17,306
Total Units Pending: 514 281 870
Total Units Sold: 589 260 774
Absorption rate: 5.31% 3.41% 4.47%
Avg Days on Market 88 days 111 days 95 days
Months of Inventory 18.8 mons 29.3 mons 22.4 mons
Sold vs List Price % 92% 94% 93%
BEACHES (476-478, 374, 375) Homes Condos Total Units
Total Units Available: 281 1,127 1,408
Total Units Pending: 3 23 26
Total Units Sold: 7 31 38
Absorption rate: 2.49% 2.75% 2.70%
Avg Days on Market 40 days 163 days 140 days
Months of Inventory 40.1 mons 36.4 mons 37.1 mons
Sold vs List Price % 91% 93% 92%
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