What Will 2013 Florida Real Estate Be Like?
We’re almost at the end of the year so I’ll be reviewing our local real estate market statistics through last month and then will look at what 2013 might hold for us in the Clearwater and Clearwater Beach market and other areas nearby.
But before that, I want to bring to your attention some changes happening on this site. I’m working on a complete revision of the site, but for now I have made some of the initial changes and want you to know about them. The Clearwater Beach Condos Complexes page has now been revised so that each complex that has its own page will show a + mark next to its name and by clicking on that you’ll see a picture of the complex and a brief description, followed by the link to the page with the full description.
In addition, I’ll be revising the individual complex pages so that they have description of the complex, the amentities it has, plus their policies on pets and rentals. In addition, there will be a map at the bottom of each page where you can get info on the nearby restaurants and shoppings with ratings as well as the nearby schools. The first page I have done this on is for the Mandalay Beach Club so make sure to visit that page so you can see how all the pages will eventually look.
November 2012 Market Statistics
November is usually a slower sales month, in part due to the Thanksgiving holiday. This year showed barely any drop from October to November and the sales were higher than every November back through 2007 and they were also over 30% higher than just last November . We have now had 11 straight months where sales were higher than all 5 of the last years in the same month. Next month we’ll find out if we were able to keep that going through the entire year.
Inventory went down last month, nearing the 4 months mark and stayed below 5 months for the 9th straight month – which reaffirms that we are in more of a seller’s market.
Information for charts above was taken from PRO/Suncoast MLS from Jan 2007 thru May 2011 & from the MFRMLS for May 2011 thru Nov 2012. This information may or may not include all listed expired, withdrawn, pending or sold properties of one or more members of the My Florida Regional Multiple Listing Service.
By looking at these graphs you will probably be able to see why our market has been so strong lately. This market strength has resulted in an increase in prices, although not dramatic, and more challenges for buyers. But my experience this past year has given me insight into the best approaches for buyers or sellers so that they can be successful even with the market we currently have.
READ MORE What to look forward to in 2013 >