Local home prices increase, sales decline
June 22, 2024 - According to a recent report from Corcoran Dwellings, the median single-family home price in Pinellas County was $485,000 in May, a 7.8% year-over-year increase. However, closed sales dropped by 2%, and 3.6 months of inventory represents a 111.8% spike from May 2023. The median sales price for condominiums and townhomes was $290,000, a 1% price drop. Those closed sales declined by 13.6%.