Tampa Bay Real Estate Market Report For February 2025

Smith Agents Know The Market

Tampa Bay has become one of the most sought-after locations in Florida for real estate investors and homeowners alike. The city's growing economy, vibrant culture, and exceptional quality of life are just a few of the reasons why so many people are flocking to the area. Read below to learn of our current market dynamics.

Unprecedented Growth in Tampa & St. Petersburg

Tampa Bay experienced a significant uptick in property sales this month, with 1,438 closings in Pinellas County—a 29% increase from last month—and 1,594 closings in Hillsborough County, a 27% increase from last month. This is a great sign that there is still strong buyer demand in Tampa Bay, despite longer days on the market becoming the norm.

Inventory remains plentiful, though it has decreased significantly across the bay, resulting in relatively flat median sold prices.

Smith & Associates is honored to have helped over 2,000 families buy or sell homes in Tampa Bay in 2024. Our associates review local market insights daily and put this data to work when crafting a marketing strategy for your home sale or purchase. If you’re considering a move this year, it’s more important than ever to work with an experienced agent who excels in pricing, negotiation, and marketing to help you achieve your sales goals.