MARKET REPORT
TAMPA BAY | MARCH 2025
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET
The Tampa Bay real estate market remained active in March 2025, with closings up over 20% across the region compared to last month, and a continued flow of new listings keeping momentum strong on both sides of the bay.
Hillsborough County experienced a 12.6% increase in new listings and a 26.6% rise in closed sales, while Pinellas saw a 2.4% increase in new listings and a 20.9% gain in closings, signaling that inventory is expanding, yet homes are still changing hands at a strong rate.
Average sales prices declined month-over-month, with Hillsborough down 4.4% and Pinellas down 4%, creating added opportunity for active home shoppers.
With Days on Market now averaging over 60 in both counties, partnering with an experienced real estate agent is more important than ever to stay on track and achieve your goals in today’s evolving market.
LOCAL MARKET INSIGHT
HILLSBOROUGH COUNTY | MARCH 2025
LOCAL MARKET INSIGHT
PINELLAS COUNTY | MARCH 2025
2024 BY THE NUMBERS
2,026 Total Transactions
13.2%
Luxury Market Share
$2.14B
Sales Volume
682
$1M+ Closed Sides
$1.1M Average Sales Price
$2.1M
$1M+ Average Sales Price
56 Years in Tampa Bay
280 Associates
5 Tampa Bay Offices
Art House is a sleek, 42-story tower, offering an artful balance of simplicity and sophistication in luxury condominium living, with all the best downtown St. Petersburg has to offer. Distinctive architecture and forward-thinking amenities are tailored perfectly to today’s work-from-home demands while also delivering priceless moments of indulgence and relaxation that let you experience the elusive work-life balance we all crave.
TAMPA
3801 Bay to Bay Boulevard Tampa, FL 33629
813.839.3800
ST. PETERSBURG
1100 4th Street N
St. Petersburg, FL 33701
727.342.3800
BEACH DRIVE SALES GALLERY
330 Beach Drive NE
St. Petersburg, FL 33701
727.240.1500
COASTAL & NORTHERN BEACHES
14581 Walsingham Road Largo, FL 33774
727.282.1788
WESTCHASE
10714 Countryway Boulevard Tampa, FL 33626
813.570.7777
MAYFAIR INTERNATIONAL REALTY
41-43 Maddox Street London, UK
smithishome.com
