In North Pinellas homes sale prices are up almost 6% but inventory is down 12%.
What does this mean for your home value? Wouldn’t it be so great if you could raise what you think your value is by 6% and throw a sign it the yard? I know my husband would love that…unfortunately it’s not that simple. EVERY neighborhood has changed but they all haven’t seen the 6% increase.
One thing is obvious there is less inventory to choose from now…in short there’s not as many listings to choose from so it lends itself to a seller’s market. But with this exciting news comes a reality that there is less comparable sales which means a huge sale price is harder to come by if there aren’t comparable home sales for an appraiser to use. Does this seem confusing? It sounds like I’m saying that yes your house can sell for more in one breath but then no it can’t in another? What the WHAT?!?! This is just of the obstacles a seasoned (knowledgeable) Realtor can navigate for you!
If you were trying to sell your home in 2016 or the beginning of 2017 do you know what homes were selling for around you then? Do you know what those same homes are selling for now? Why not find out? You have nothing to lose and money to gain!