Low prices luring homebuyers back?
Updated: Wednesday, 23 Mar 2011, 6:56 PM EDT
Published : Wednesday, 23 Mar 2011, 6:56 PM EDT
ST. PETERSBURG – Real estate prices in Pinellas County may finally be low enough to lure buyers back into the market.
The Pinellas Realtors Organization reports a 25 percent increase in home sales last month, compared to February 2010.
The same February-to-February comparison also shows a 29 percent drop in median price (now $89,000) and fewer homes listed for sale.
"Absolutely, the price is the major factor," said Jack Mortimer, who moved into downtown Clearwater's Water's Edge condominium on Christmas Eve.
Client, Water's Edge, in the news: As the the best selling property in Pinellas County Florida, per the National Realtors Association Multiple Listing Service, Water's Edge and Smith & Associates Real Estate talk about the best time to buy.