TAMPA MARKET STATISTICS

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Pinellas County Statistics
Single family homes sold for $430,000 in February 2023, a 4.6% increase compared to the same month last year. In February 2022, single family homes sold for $411,000.

Median Prices of Townhouses & Condos – In February 2022, prices were $265,000. However, in February 2023, prices are now $295,000 indicating a 11.3% increase.

Inventory for Single Family Homes grew by 122.7%. Inventory in February 2022 reflected 723 homes for sale, however, inventory in February 2023 reflects 1,610 homes for sale.

Inventory for Townhouses and Condos grew by 192.4%. Inventory in February 2022 reflected 617 listings, however, inventory in February 2023 reflects 1,804 listings.

Total sales for Single Family Homes in February 2022, was 1,013. In February 2023, total sales for single family homes decreased to 772, a 23.8% decline.

Total sales for Townhouses and Condos in February 2022, was 769. In February 2023, total sales for single family homes decreased to 559, a 27.3% decline.

Pasco County Statistics
Single family homes sold for $360,000 in February 2022. In February 2023, single family homes sold for $375,000, a 4.2% increase.

Median Prices of Townhouses & Condos – In February 2022, prices were $252,000. However, in February 2023, prices are now $294.090 indicating a 16.7% increase.

Inventory for Single Family Homes grew by 179.8%. Inventory in February 2022 reflected 599 homes for sale, however, inventory in February 2023 reflects 676 homes for sale.

Inventory for Townhouses and Condos grew by 245.1%. Inventory in February 2022 reflected 133 listings, however, inventory in February 2023 reflects 459 listings.

Total sales for Single Family Homes in February 2022, was 865. In February 2023, total sales for single family homes decreased to 810, a 6.4% decline.

Total sales for Townhouses and Condos in February 2022, was 176. In February 2023, total sales for single family homes increased to 244, a 38.6% increase.

Our team is here to help you navigate these challenges and submit the most lucrative offer to get you your dream home.

Whether you are looking to buy, sell, or invest, it is imperative to contact a realtor to see what your options are, and our team is here to help.

Sources:

https://pinellasrealtor.org/market-statistics/

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