Pinellas Realtor Organization's CEO's Year In Review

Wrapping up the review of 2008, total dollar volume for Pinellas County was down 20% from 2007 and down 28% for the Tampa Bay area in all residential properties. Single family total dollar volume was down 21% for Pinellas and down 25% for the Tampa Bay area. Condos were down 17% in Pinellas and down 31% in the Tampa Bay area as a whole. No one will mourn the passing of 2008, but will 2009 be better? With low mortgage rates, realistic sales prices and government programs to help the distressed sales segment of the market, we are optimistic that 2009 will continue the trend towards a recovering market.

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