Tampa Bay Real Estate in Motion: November’s 4-Week Market Recap Reveals a Season of Shifts

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The Tampa Bay housing market closed out October and entered November with steady momentum, reflecting both seasonal cooling and ongoing buyer interest. The latest 4-week report (ending November 3, 2025) shows a total of 5,924 active listings and 3,508 sales, signaling a balanced yet cautious market.

Regional Overview:

Across all counties, there were 5,924 active listings, 3,884 pending, 3,508 sold, and 1,422 cancellations. The data indicates moderate turnover and stable sales volume compared to the previous quarter, even as price reductions outpaced increases.

County Highlights:

• Pinellas County

  • Single-Family Homes: 897 active, 268 sold, $124.8M in volume

  • Condos: 1,040 active, 679 sold, $29.8M in volume

  • Trend: Steady condo demand; SFH listings show modest softening.

• Pasco County

  • Single-Family Homes: 116 active, 38 sold, $83.3M in volume

  • Condos: 1716 active, 976 sold, $1.2M in volume

  • Trend: Smaller markets maintain consistency with limited volatility.

• Hillsborough County

  • Single-Family Homes: 350 active, 107 sold, $142M in volume

  • Condos: 1024 active, 570 sold, $8.7M in volume

  • Trend: SFHs dominate value; price decreases continue to outweigh increases.

• Sarasota County

  • Single-Family Homes: 438 active, 127 sold, $105.9M in volume

  • Condos: 819 active, 532 sold, $14.4M in volume

  • Trend: Consistent listing flow with a balanced absorption rate.

• Manatee County

  • Single-Family Homes: 279 active, 67 sold, $88.6M in volume

  • Condos: 320 active, 10 sold, $2.5M in volume

  • Trend: Fewer condo transactions, but strong single-family stability.

Market Observations:

The report reflects a seasonal slowdown as buyers weigh affordability and rising mortgage rates. Price adjustments remain common, with 398 price decreases versus only 113 increases in single-family homes. Condos followed similar trends, with 105 price reductions and just 3 increases.

Weekly Comparison:

Sales volume decreased slightly compared to the same period in 2024, dropping from $670M to roughly $545M in total closed volume across the region. Despite this, transaction activity remains healthy, suggesting continued demand for well-priced properties.

Outlook:

As Tampa Bay enters the final months of 2025, the market continues to recalibrate toward equilibrium. Buyers are negotiating with greater leverage, while sellers who adapt pricing strategies are still closing deals efficiently. The overall trend suggests resilience amid broader market adjustments.