The latest market statistic report, published by the Pinellas Realtor Organization, came out on September 19, for the month of August 2013. This report is provided by David Bennett, President and CEO of PRO. Our markets exhibited continued stability, with comparatively low inventory and improved absorption rates. Of particular note: the average sales price of homes has risen to $226,120 and receiving 94.6% of the original listing price. The average sales price of condos has risen to $177,887 and receiving 91.4% of the original listing price. Also 40.5% of all sales were cash sales. If properties are priced correctly, they are selling quickly and for very close to asking price with some homes having multiple offers and receiving more than asking price. Come on down to St Petersburg, St Pete Beach, Treasure Island or Clearwater Beach where the weather is sunny and warm!

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