TAMPA MARKET STATISTICS

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Pinellas County Statistics – single family homes sold for $450,000 in May 2023, no change compared to the same month last year. In May 2022, single family homes sold for $450,000.

Median Prices of Townhouses & Condos – In May 2022, prices were $285,000. However, in May 2023, prices are now $293,000 indicating a 2.8% increase.

Inventory for Single Family Homes grew by 23.7%. Inventory in May 2022 reflected 1168 homes for sale, however, inventory in May 2023 reflects 1,445 homes for sale.

Inventory for Townhouses and Condos grew by 121.9%. Inventory in May 2022 reflected 859 listings, however, inventory in May 2023 reflects 1,906 listings.

Total sales for Single Family Homes in May 2022, was 1,147. In May 2023, total sales for single family homes decreased to 1,000, a 12.8% decline.

Total sales for Townhouses and Condos in May 2022, was 887. In May 2023, total sales for single family homes decreased to 795, a 10.4% decline.

Pasco County Statistics – single family homes sold for $394,990 in May 2022. In May 2023, single family homes sold for $382,704, a 3.1% decrease.

Median Prices of Townhouses & Condos – In May 2022, prices were $266,000. However, in May 2023, prices are now $305,990 indicating a 15% increase.

Inventory for Single Family Homes grew by 47.4%. Inventory in May 2022 reflected 964 homes for sale, however, inventory in May 2023 reflects 1,421 homes for sale.

Inventory for Townhouses and Condos grew by 150.9%. Inventory in May 2022 reflected 165 listings, however, inventory in May 2023 reflects 414 listings.

Total sales for Single Family Homes in May 2022, was 1,111. In May 2023, total sales for single family homes decreased to 1,027, a 7.6% decline.

Total sales for Townhouses and Condos in May 2022, was 221. In May 2023, total sales for single family homes increased to 329, a 48.9% increase.

Sources:

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

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