We all have seen the uptick in new people coming into the Tampa Bay area. It used to be seasonal where many Northerners and Canadians came to visit us during the cold months. Now that we continue to work our way through a Pandemic and workplace changes, more and more people are looking to settle in our beautiful State.

With all that influx, the Real Estate market has become very competitive. Buyers bidding over asking price and properties flying off the market in just a short number of days. As with many areas around the country, we contemplate the next shift.

To that end, keeping an eye on the market is critical and following the trends extremely important. Florida Realtors provides Realtors® access to the market data to help us follow those trends. Our goal is to help educate Buyers and Sellers to garner the most for their home values.

The statistics being shared in this post are from the last 6 months (February 2021 – July 2021) in 3 counties. These counties are Hillsborough, Pinellas, and Pasco. Hillsborough is the Tampa Bay area; Pinellas is the Clearwater/St. Petersburg area; Pasco is the Brooksville/Port Richey area.

The first set of 4 graphs highlight the Active Inventory and Closed or Sold Properties (Single Family Homes and Townhomes/Condos) not including Foreclosures or Short Sales. The uptrend of properties on the market continues in all 3 Counties. The last set of graphs depicts the Average Sales Price of those sold properties. Here there is some price leveling out in Hillsborough and Pasco but a continued uptrend in Pinellas.

Our hope is that this helps you in understanding current market trends. We are always available and ready to help you find your new home or sell your existing home in our beautiful area.