St. Petersburg & Tampa Bay Real Estate Market Update – Why Now Is a Smart Time to Buy or Sell
The Tampa Bay real estate market — including St. Petersburg, Pinellas, Hillsborough, and surrounding counties — continues to show strong activity as we enter mid-May 2025. According to the most recent 4-week market report from Stellar MLS, market activity is brisk and opportunities exist for both buyers and sellers alike.
Key Market Stats (Last 4 Weeks in Tampa Bay - Single Family Homes):
New Active Listings: 7,332
Pending Sales: 4,793
Homes Sold: 4,379
Canceled Listings: 1,399
Temporarily Off-Market: 366
In Pinellas County alone, 350 single-family homes closed in the last 4 weeks, with nearly 1,000 active listings currently on the market. These numbers signal a balanced market with solid inventory and strong buyer interest.
While condominiums showed slightly slower movement, the demand is still consistent, especially for well-priced units. In Pinellas County, for example, 830 condos sold in the same period — showing that even with fluctuations, desirable properties are moving fast.
Why It’s a Good Time to Sell:
Steady buyer activity means homes are still selling quickly.
Inventory remains manageable, so well-presented listings stand out.
Many buyers are looking to move into flood-safe areas or upgrade to homes with more space — especially important in markets like Gulfport and St. Pete.
There’s still upward pressure on prices for move-in ready homes in great neighborhoods.
Why It’s a Good Time to Buy:
A healthy number of active listings gives buyers more choice.
Sellers are increasingly open to negotiation, especially on price or closing costs.
Mortgage rates, while fluctuating, remain historically moderate compared to past decades.
Buying now locks in equity before the next market upswing — a common trend in Tampa Bay’s seasonal cycles.
Whether you're considering making a move or just curious about your home's value, it's important to have the right guide. I'm a lifelong St. Petersburg resident, licensed since 2004, and I bring both local expertise and personalized strategy to every client I work with.
📲 If you’re thinking about buying or selling — or know someone who is — let’s talk. I’d be honored to help.
👉 Visit www.TampaBayRealtorSean.com or message me directly to get started.
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