TAMPA MARKET STATISTICS

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Pinellas County Statistics – single-family homes sold for the same median price in January 2023, as they did in January 2022.

Median Prices of Townhouses & Condos – In January 2022, prices were $254,500. However, in January 2023, prices are now $279,900 indicating a 10% increase.

Inventory for Single Family Homes grew by 132.4%. Inventory in January 2022 reflected 762 homes for sale, however, inventory in January 2023 reflects 1,771 homes for sale.

Inventory for Townhouses and Condos grew by 180.9%. Inventory in January 2022 reflected 622 listings, however, inventory in January 2023 reflects 1,747 listings.

Total sales for Single Family Homes in January 2022, was 926. In January 2023, total sales for single family homes decreased to 549, a 40.7% decline.

Total sales for Townhouses and Condos in January 2022, was 682. In January 2023, total sales for single family homes decreased to 419, a 38.6% decline.

Pasco County Statistics – single family homes sold for $347,750 in January 2022. In January 2023, single family homes sold for $361,993, a 4.1% increase.

Median Prices of Townhouses & Condos – In January 2022, prices were $199,250. However, in January 2023, prices are now $306,850 indicating a 54% increase.

Inventory for Single Family Homes grew by 191.5%. Inventory in January 2022 reflected 647 homes for sale, however, inventory in January 2023 reflects 1,886 homes for sale.

Inventory for Townhouses and Condos grew by 216.4%. Inventory in January 2022 reflected 134 listings, however, inventory in January 2023 reflects 424 listings.

Total sales for Single Family Homes in January 2022, was 812. In January 2023, total sales for single family homes decreased to 640, a 21.2% decline.

Total sales for Townhouses and Condos in January 2022, was 178. In January 2023, total sales for single family homes decreased to 112, a 37.1% decline.

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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