The stats are in for April 2008. Here are some trends that I noted:

1. Inventory levels remained virtually unchanged from the month before (GOOD)


2. Sales in the Tampa Bay area and Pinellas county edged up .5% to almost 1.0% from the previous month(GOOD)


3. Beach Condo Inventory levels dropped (GOOD)


4. Sales on the N. Beach area dipped (NOT GOOD)


5. Across the board, the ACTUAL SALES PRICE was appr. 89% - 93% of the LISTING PRICE


6. Across the board, the ACTUAL SALES PRICE was appr. 83% - 85% of the ORIGINAL LISTING PRICE (Not shown on stats)

#6 tells me that if you list at $500,000, expect it to sell (on average) at $415,000 - $425,000.

MLS MONTHLY REPORT APR ‘08


TAMPA BAY AREA (tri-county) Homes Condos Total Units

Total Units Available: 28,003 12,455 40,458

Total Units Pending: 2,505 697 3,202

Total Units Sold: 1,779 524 2,303

Absorption rate: 6.35% 4.21% 5.69%

Avg Days on Market 103 days 117 days 106 days

Months of Inventory 15.7 mons 23.8 mons 17.6 mons

Sold vs List Price % 93% 92% 93%



PINELLAS COUNTY Homes Condos Total Units

Total Units Available: 9,431 7,436 16,867

Total Units Pending: 843 385 1,228

Total Units Sold: 602 285 887

Absorption rate: 6.38% 3.83% 5.26%

Avg Days on Market 96 days 122 days 105 days

Months of Inventory 15.7 mons 26.1 mons 19.0 mons

Sold vs List Price % 93% 90% 92%


N. BEACHES (476-478, 374, 375) Homes Condos Total Units

Total Units Available: 270 1,036 1,306

Total Units Pending: 16 59 75

Total Units Sold: 6 46 52

Absorption rate: 2.22% 4.44% 3.98%

Avg Days on Market 127 days 116 days 117 days

Months of Inventory 45.0 mons 22.5 mons 25.1 mons

Sold vs List Price % 91% 88% 89%