St. Pete’s luxury condo market faces a new reality

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Downtown St. Petersburg had nearly 16% more homes for sale in September than a year earlier, with properties spending 27% longer on the market. Homes spent a median of 118 days listed for sale, according to Realtor.com. The neighborhood had 188 active listings, and properties sold for roughly 3% below asking price on average. The figures cover all types of downtown housing…

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