The May 2025 numbers are in for Pinellas County real estate, and the data suggests we are seeing signs of a shifting market. Here are the key takeaways for buyers, sellers, and investors:
📉 Home Prices Are Adjusting
Median Sale Price for single-family homes dropped to $460,000, down 5.2% from May 2024.
The average sale price also fell to $607,862, a 6% decrease year-over-year.
This correction presents opportunities for buyers who had been priced out in previous months, especially with inventory on the rise.
🏘️ Inventory & Buyer Choice Expanding
Active listings jumped to 4,182, up 40.3% from last year.
Months supply of inventory rose to 5.0 months, a sign of a market slowly moving from seller-favored to balanced conditions.
🕒 Homes Taking Longer to Sell
Median time to contract: 32 days (up 23.1%)
Median time to sale: 70 days (up 11.1%)
If you’re a seller, strategic pricing and marketing are now more important than ever.
💰 Cash Buyers Still Active
34.4% of sales were paid in cash.
Cash sales rose 2.6% YOY, signaling continued investor confidence in our market.
🔄 Pending Sales & Listings Stay Steady
New pending sales: 1,005 (up 7.3%)
New listings: 1,365 (steady year-over-year)
📌 Whether you’re buying or selling, the market is no longer red-hot—but it’s far from cold. Let’s talk strategy based on your goals.
