MARKET REPORT
TAMPA BAY | JULY 2024
SMITH & ASSOCIATES REAL ESTATE KNOWS THE MARKET
Home sales are on the rise around Tampa Bay.
Last month, we saw an increase in closed sales in both Pinellas and Hillsborough counties. However, new listings showed mixed results. Hillsborough experienced a rise in new inventory, with the median sold price slightly declining compared to the previous month. In contrast, Pinellas saw a noticeable reduction in new listings, down 6.5% from the prior month, though the median home price was less affected than in Hillsborough, and still up compared to last year.
Despite these shifts, buyer demand remains strong and our Open Houses continue to have a great turnout of interested shoppers. You can find the best Open Houses each week by visiting smithopen.com, which is updated in real-time as new Open Houses are announced.
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.
LOCAL MARKET INSIGHT
HILLSBOROUGH COUNTY | JULY 2024
LOCAL MARKET INSIGHT PINELLAS COUNTY | JULY 2024
731
$1M+ Transactions $1.95M Average Sales Price $1M+
14.6% Market Share for Homes $1M+
2,276
Total Transactions $1.09M Average Sales Price
36 Average Days on Market
55 Years in Tampa Bay
292 Associates $8.42M Average Agent Production
5 Tampa Bay Offices
The Nolen is expected to be completed this Fall. Now with only 2 residences remaining for sale. Beautifully appointed residences are only the beginning at The Nolen, where every detail is thoughtfully designed to elevate your every day.
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
727.342.3800
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
15 Thayer St, Marylebone London, UK
smithishome.com