St. Petersburg, Florida, has seen inventory levels go up, and then up again, as market time continues to increase.

Realtors Adam C. Adkins, recommends that sellers price right in order to sell. Buyers? "As a buyer you have the ability to weigh a lot of homes against each other to get the best possible deal. Prices have softened a little -- only due to the fact that some owners are forced to sell.

The average price per square foot is now $170. The average sales price is 93 percent of the list -- at $245,000.

Adkins notes, "St. Petersburg is where you want to be! Close to everything, yet miles away. A beautiful peninsula located on Florida's West coast, the area is bordered by the Gulf of Mexico to the west and by Tampa Bay to the east."

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Published: December 27, 2007

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