Townhome, condo prices decrease as inventory soars
Townhome and condominium prices in St. Petersburg have decreased significantly, with a reported 11.6% drop year-over-year to a median price of $269,000 as inventory surges. In contrast, single-family home prices have seen a slight increase of 1.2%. The report highlights a growing supply of properties on the market, posing potential challenges for buyers and sellers alike.