Quick Stats for Pinellas County Real Estate 2021-02-25
Gulf Coast Real Estate Update
February 25th, 2021
Pending Contracts outpace new listings by more than 3 to 1 in Pinellas County
Homes & Condos in Pinellas County Number Listed For Sale within the last 30 days = 671 Number that went Contract Pending within the last 30 days = 2,273 Number Closed in the last 30 days = 1,771
Hesitant sellers are at all price points and the lack of inventory is across the board.
There are many reasons sellers paused their plans to put their property on the market:
Job uncertainty
Not wanting people in their home during a pandemic
Unease about the economic impact about the pandemic
Feeling like it’s not a good time because of buyer demand
Mortgage Forebearance
All very understandable reasons to push the pause button on a home sale. One thing’s for sure; this a temporary situation. The world keeps turning and all the life events that motivte people to sell are still happening. The market will find its way again. Stay tuned.
