Once again, it ain't pretty.
Hillsborough County
Total
Active Sold for month Sold Last Year
Dec-11 5,991 1,355 1,402
Jan-12 5,616 1,062 1,121
Feb-12 5,326 1,196 1,282
Pinllas County
Dec-11 7,946 1,278 1,363
Jan-12 7,729 985 794
Feb-12 7,466 1,099 1,141
So February was better than January by a dab. Both counties showed an 11% increase in units closed. Still its 7% less than last year. Homes listed for sale are still decreasing. That's a trend that has persisted.
We are still seeing Foreclosed properties make up 15% of the market and short sales about 20%. The balance is traditional homes for sale. The statistic that really pops out at me is in Hillsborough County the pending sales is just about equal to al the active homes for sale. Very strange number. I wish I knew what it means. Pinellas has a 3 to 1 ratio actives to pendings.
Regardless what conclusions I can draw, this is not a healthy market.
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