The Pinellas County Florida market update for October 2008 has been posted. Here are some highlights:
- number of single family home sales up 8% from a year ago;
- 17 month supply of single family homes in Pinellas County;
- average and median prices still declining, though slower;
- 33% more single family homes went to contract in October 2008 than in October 2007
- 10% less condos sold than a year ago
- 28 month supply of condos in Pinellas County Florida
- Number of sales, median price and average price still declining
- New condos selling - some at full list price, other developments selling at 17-18% below list.
and Yes, Virginia, there is still mortgage money available, if you have good credit and a down payment.
