"The Pinellas County Multifamily market is currently in a state tug of war between Buyers and Sellers, who have contrasting expectations. Sellers who see the Single Family Home market booming and inflated Multifamily prices of On-Market properties (as opposed to the Multifamily properties that have sold) expect record high prices. Currently, sales prices are rising faster than Market Rents, which is driving Buyer’s returns to all-time lows. Even though there are buyers with plenty of equity to place, they are having a hard time finding investments with attractive returns."