The numbers are in and they're NOT, I repeat NOT as dreary as expected, given the turmoil in our markets. October may be worse...only time can tell. Simply put, only 6% of all homes in the Tampa Bay area sold, and if they did sell, it was at 84% of the original listing price!


TAMPA BAY AREA (tri-county) Homes Condos Total Units
Total Units Available: 26,462 11,639 38,101

Total Units Pending: 2,259 574 2,833

Total Units Sold: 1,791 463 2,254

Absorption rate: 6.76% 3.98% 5.92%

Avg Days on Market 103 days112 days 105 days

Months of Inventory 14.8 mons25.1 mons 16.9 mons

Sold vs List Price % 93% 93% 93%

Sold vs Original List Price % 84% 85% 84%


PINELLAS COUNTY Homes Condos Total Units

Total Units Available: 9,066 6,638 15,704

Total Units Pending: 737 298 1,035

Total Units Sold: 565 229 794

Absorption rate: 6.23% 3.45% 5.06%

Avg Days on Market 92 days 113 days 98 days

Months of Inventory 16.0 mons 29.0 mons 19.8 mons

Sold vs List Price % 90% 92% 91%

Sold vs Original List Price % 82% 85% 83%


N. BEACHES (476-478, 374, 375) Homes Condos Total Units
Total Units Available: 227 862 1,089

Total Units Pending: 15 37 52

Total Units Sold: 10 28 38

Absorption rate: 4.41% 3.25% 3.49%

Avg Days on Market 148 days 116 days 124 days

Months of Inventory 22.7 mons 30.8 mons 28.7 mons

Sold vs List Price % 82% 92% 88%

Sold vs Original List Price % 74% 88% 82%