Tampa Bay Housing Pulse: What 28 Days Reveal About the Real Estate Market

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The Tampa Bay region continues to show dynamic activity in the residential real estate market. The 4-week period ending May 21, 2025, highlights shifts in listings, sales volume, cancellations, and pricing trends that reflect both buyer sentiment and seller strategy.

Key Market Figures:

• Total Market (All Counties):

  • Active Listings: 6,993

  • Sold Properties: 4,419

  • Pending Sales: 4,971

  • Cancellations: 1,422

  • Temporarily Off Market: 410

County Highlights:

• Pinellas County:

  • SFH: 1,007 active, 340 sold, $127M in volume

  • Condo: 1,321 active, 873 sold, $28.6M in volume

  • Trends: Notable rise in pending condo sales; SFHs maintain moderate price decreases and low price increases

• Pasco County:

  • SFH: 133 active, 51 sold, $76M in volume

  • Condo: 29 active, 11 sold, just under $2M in volume

  • Trends: Smaller activity, but steady sales; higher number of price drops vs. increases

• Hillsborough County:

  • SFH: 371 active, 133 sold, $170M in volume

  • Condo: 1,054 active, 718 sold, $5.6M in volume

  • Trends: Strong volume in SFH sales, modest in condos; price decreases dominate

• Sarasota County:

  • SFH: 472 active, 182 sold, $121M in volume

  • Condo: 995 active, 675 sold, $25.6M in volume

  • Trends: Balanced market with steady flow of listings and closings

• Manatee County:

  • SFH: 320 active, 115 sold, $86M in volume

  • Condo: 374 active, 29 sold, $13.3M in volume

  • Trends: Higher listing prices remain flat with limited price increases

Pricing Trends:

Across the region, there were 560 price reductions and only 18 price increases in the SFH market, showing continued price sensitivity from buyers. Condos showed similar trends, though to a lesser extent.

Weekly Snapshot:

Comparing sold volume to the same week last year, there is a notable reduction in total closings and value, suggesting a market adjusting to new interest rate environments or seasonal lulls.