Clearwater, FL housing market

Clearwater homes are sitting for nearly three months, and a quarter of sellers have cut their price. If you are weighing a sale this year, here is what this slow market means for your price and your timing. The typical home here now sits on the market about eighty-five days before finding a buyer. That long stretch shows up elsewhere too: nearly a quarter of active listings, about 24 percent, have already taken a price cut. There are roughly a thousand homes for sale in Clearwater right now, and only about 250 new listings came on in the past month, so buyers have plenty to choose from and the pile is not shrinking fast. But here is the turn. Despite all that pressure, values have barely moved. The typical Clearwater home is worth about three hundred thirty-nine thousand dollars, down just a third of a percent from a year ago. Buyers have leverage, but sellers are not surrendering value. One more number matters: the median asking price is about two hundred fifty-nine thousand dollars, well under that typical value, which means the lower-priced end is where the real competition is. So price to the market you actually have, not the one from two years ago, because overpricing here means sitting for months and then cutting anyway. For a free estimate of what your home is worth today, visit Home Value Pros dot com.