Market in St. Pete Remains Strong…

The real estate market remains strong in St. Petersburg, though we are still working with very tight inventory. According to the MLS, there are a little over 4,200 single family homes and condos listed for sale here in Pinellas County. This is roughly a 40% drop in homes listed for sale from the same time last year, when we had just over 6,600 homes for sale.

This type of market is where using the right real estate agent can make the difference between being under contract, or still looking for a home (or your property still being listed for sale). My strong marketing network really can make a difference, as it did for clients with whom I met this month. We met to discuss listing their home, and upon walking through the property, I realized it would meet the needs of another client who has been looking desperately to find a house. We were under contract by the end of the day! This is simply reflective of tight inventory. For buyers, it also helps to use an agent who has connections in the market, as it did for my buyers who fell in love with a home that had multiple offers. In a bidding war situation, sellers have the power to choose which offer to accept. In this case, the listing agent and I had worked together on previous transactions. She knew that I work with pre-approved buyers who are serious, and that we would make it from contract to close. As a result, my buyers’ offer was selected!

With stable prices, low interest rates, and continued demand, using an experienced real estate agent will help you succeed in this competitive market. As Your Special Agent, I am here to put my expertise to work for you! Please call, text or email me if you have questions – it’s my pleasure to connect with my clients, both past and future.

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