Despite all the doom and gloom over the real estate market, houses are selling in Pinellas and Pasco counties in Florida.  In Pinellas County, through June 26, there have been 3350 houses sold and there were also 1461 condos sold.

In Pasco County, FL, there have been 3232 houses sold and 220 condos sold in the same time frame.  It is necessary to keep in mind that Pinellas County is a vacation destination and has many more condos than does Pasco County.  Pinellas County has Clearwater Beach, Dunedin, Palm Harbor, Sand Key, Indian Rocks Beach among many other vacation destinations.

With the good news, there is also a little less than good news as well.  The median home values in Pinellas County fell in 2009 to $153,000 from $167,000 in 2008.  In Pasco County the median house values in 2009 fell to $135,000 from $155,000 in 2008.  Prices seem to be dropping much more slowly than in previous months, so this could be a sign that the recovery is not too far away.  As interest rates begin to rise and housing prices are not in freefall any longer, this could be a great time to invest in that beach home in the Tampa Bay area that you have been dreaming about.  There really is value in this market.