Relist when you can change what buyers see. Wait only when a known building issue will be settled soon. In the past 12 months, 1,312 of 3,856 St. Petersburg condos and townhomes (34%) came off the market unsold at least once, and 888 of them were still off the market on November 12, 2026. The ones that came back and sold took a median of 213 days on the market across their listings, and closed at a median of 82% of their highest asking price.
What the St. Pete condo numbers show
Shane Vanderson reviewed every condo and townhome listing with a St. Petersburg address in Stellar MLS from November 2025 through November 2026, counting homes rather than listings:
- Stalls were more common below $1 million. 853 of 2,327 condos and townhomes with a highest asking price under $500,000 (37%) came off unsold at least once. Above $1 million, it was 198 of 814 (24%), a group that includes developer sales in new towers.
- Most haven’t come back. Of the 1,312 that came off, 145 have since sold and 251 are back on the market or under contract. 888 (68%) were still off the market on November 12.
- Condos took longer than houses, even on the first try. Condos and townhomes that sold on their first listing had a median of 69 days on the market. Single-family homes took 39.
- The stall had a cost. Condos that sold after coming off spent a median of 213 days on the market across their listings, or 315 days from first listing to closing. Their asking price came down a median of 14% from its highest point, and they sold at 96.1% of that final price, or 82% of the highest.
- Today’s listings are aging. On November 12, 470 of 911 active condo and townhome listings (52%) had been on the market 90 days or more. 469 (51%) had cut their price, by a median of 7.1%.
Source: Stellar MLS data for condos and townhomes with a St. Petersburg address, November 12, 2025 to November 12, 2026, analyzed by Shane Vanderson. Condo and townhome are as classified in Stellar MLS. Days on market are MLS active days. First-listing medians leave out sales recorded at 0 or 1 day on market, most of them new-construction closings.
The fourth point is the one to weigh. Condos that stalled did sell close to their final asking price. Getting there took most of a year, and the final price was well under where they started.
Waiting: what it costs, and when it makes sense
Time off the market isn’t free. Dues, insurance, and property taxes keep coming, and a building’s repair plans can lead to a special assessment while you wait. Waiting can make sense when:
- Your building is finishing an inspection or reserve study. A buyer who reads a finished report prices less risk than one who reads “pending.”
- A special assessment is about to be decided. Knowing the number lets you price with it, instead of a buyer guessing at it. Read selling a Tampa Bay condo with a special assessment.
- The unit needs work a buyer will flag. Fixing it first can be cheaper than the discount a buyer asks for.
If none of those apply, waiting usually means coming back to the same market with the same listing.
What changed for St. Pete condo buyers
Florida condo rules changed again in 2025, and buyers now read more about the building before they close:
- More documents up front. Under section 718.503 of the Florida Statutes, an owner selling a condo unit gives the buyer the declaration, articles, bylaws and rules, the annual budget and financial statement, the milestone inspection summary if one applies, and the association’s most recent structural integrity reserve study (SIRS) or a statement that none has been completed.
- A longer window to cancel. Since HB 913 took effect on July 1, 2025, a resale buyer has 7 days, not counting weekends and legal holidays, to cancel after signing and receiving those documents. Before, it was 3 days.
- Reserve studies are due. HB 913 set December 31, 2025, as the deadline for buildings three habitable stories or taller to complete their first SIRS.
The practical result: a buyer sees the building’s repair and reserve picture during the contract and can walk away if it surprises them. Read those documents before you set the price, not after a buyer does. Read Florida condo milestone inspections and SIRS reports in 2026.
How to relaunch a St. Pete condo
- Get the association packet first. Budget, financial statement, SIRS, milestone inspection summary, insurance information, and recent board minutes.
- Price against your building. Start with closed sales in your building and similar buildings nearby, then adjust for dues, assessments, and completed or planned repairs.
- Show the building, not just the unit. Amenities, views, location, and completed work, stated as plain facts.
- Check leasing rules if you’re weighing a rental instead of a sale.
- Relaunch with something new. New photos, video, and remarks, so the listing doesn’t look like the one buyers already passed.
When Shane Vanderson takes over a condo that sat, Shane reads the association documents before setting the price, because that is where a buyer will look once under contract. Shane works with condo buildings in Downtown St. Petersburg, including ONE St. Petersburg, 400 Beach Drive, Vinoy Place, Saltaire, and 400 Central, and relaunches units with a price built from building-level sales, new photography and video, and exposure through Engel & Völkers’ global network.
Your best move depends on your unit, your building’s documents, and what has closed there recently. That is the review worth doing before you decide.
Frequently asked questions
Should I wait until my building’s repairs are done before I sell?
Sometimes. If the repairs or a special assessment will be settled within a few months, a finished picture can help buyers price with confidence. If the timeline is open-ended, waiting adds carrying costs without changing what buyers see. Ask your association manager for the schedule before you decide.
Can a buyer cancel after reading the condo documents?
Generally, yes. In a Florida condo resale, the buyer has 7 days, not counting weekends and legal holidays, to cancel after signing the contract and receiving the required documents. Reading the documents yourself before you list lowers the chance of a surprise during that window. This is general information, not legal advice.
How long does it take to sell a condo in St. Petersburg?
Over the past 12 months, St. Pete condos and townhomes that sold on their first listing had a median of 69 days on the market. Condos that came off the market first and then sold took a median of 213 days across their listings.
Should I rent my St. Pete condo instead of selling it?
Check your association’s leasing rules first, since many buildings set minimum lease terms or limit rentals. Then compare the rent with your dues, insurance, taxes, and any assessments. A rental can also delay a sale if you need to wait for a lease to end.
For St. Pete condos, a stall usually ends at the market price, months later. Wait only when the building’s picture is about to get clearer. Otherwise, read the documents, price the unit and the building together, and relaunch. Start with what to do if your St. Petersburg home isn’t selling, or call or text Shane at 813-205-5430 for a no-pressure second opinion.
Sources: Florida Statutes section 718.503; Florida Senate, HB 913 (2025) bill summary; Stellar MLS data for St. Petersburg, November 12, 2025 to November 12, 2026, analyzed by Shane Vanderson.
Shane Vanderson is a Broker Associate and REALTOR® with Engel & Völkers South Tampa, licensed in Florida since 2012. He helps St. Petersburg homeowners sell after their home didn’t, with a focus on luxury homes, waterfront homes, and condos. Engel & Völkers South Tampa, 724 S Dale Mabry Hwy, Tampa, FL 33609.
