At Placido Bayou Realty, we are always keeping an eye on the latest market stats. October’s numbers are just in and we’re seeing inventory at an all-time low. It’s down 30.6% from this same time last year.
Another interesting trend we’re seeing is the median number of days between when a property is listed and when it goes under contract. Right now, in Pinellas County the average time on the market is just 10 days! Last year at this time it was 24 days.
There are a lot of factors that contribute to a quick sale. One of the most important is price. At Placido Bayou Realty, we use our experience and financial backgrounds along with extensive discussions with our clients to come up with the right price for the market. This is the key to getting the right offer.
Some people think the market slows down as we move into the holiday season. These stats are showing demand continues to dominate and people are on the move and the hunt for homes in the Tampa Bay area.
If you’re thinking of buying or selling a property, let’s talk about the numbers. Our last few listings have gone under contract rapidly. One was on the market for just five days. The other never was never listed in the MLS because we sold it before it hit the market. To hear about what we’re preparing to list on the market or what our buyers are currently looking for, give us a call or text today. We’re also happy to discuss these numbers as well as the competition in your neighborhood.
