June stats are in and the numbers are much better than we have seen in a while. Some bright spots are:

• Inventory fell below 30,000 properties for sale for the first time in YEARS
• The sales rate for homes and condos in the tri-county TampaBay area was over 10% for the first time in years!
• Months of Inventory (existing) dropped below 10 months for homes & condos in the Tampa area!

Some negatives to counter the good news:

• Average Days on market is still over 3 months
• Most properties are selling between 20%-25% BELOW initial list price.
• The beach market is extremely soft - just 5 out of every 100 homes and condos on the market sold in June. Average days on market is 144 days.

The hard numbers are below:

MLS MONTHLY REPORT June ‘09


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

Total Units Available: 19,914 9,568 29482

Total Units Pending: 3,270 963 4,233

Total Units Sold: 2,367 698 3,065

Absorption rate: 11.9% 7.30% 10.4%

Avg Days on Market 105 days 110 days 106 days

Months of Inventory 8.4 mons 13.7 mons 9.6 mons

Sold vs List Price % 93% 90% 93%

Sold vs Original List Price % 74% 79% 75%


PINELLAS COUNTY Homes Condos Total Units

Total Units Available: 7,266 5,766 13,032

Total Units Pending: 1047 458 1505

Total Units Sold: 802 380 1182

Absorption rate: 11.0% 6.59% 9.07%

Avg Days on Market 97 days 106 days 100 days

Months of Inventory 9.1 mons 15.2 mons 11.0 mons

Sold vs List Price % 92% 88% 91%

Sold vs Original List Price % 79% 81% 80%


N. BEACHES (476-478, 370-375)Homes Condos Total Units

Total Units Available: 645 1600 2,245

Total Units Pending: 51 116 167

Total Units Sold: 34 78 112

Absorption rate: 5.27% 4.88% 4.99%

Avg Days on Market 153 days 141 days 144 days

Months of Inventory 19.0 mons 20.5 mons 20.0 mons

Sold vs List Price % 88% 89% 88%

Sold vs Original List Price % 72% 79% 76%