Pinellas County Real Estate Marketplace
Greetings,
It is difficult to choose which analytics to include in this newsletter, as the various sources for this information all differ slightly in their logic and numbers. I will provide herein an overall review which I hope is of some interest. I add my perspective from our local brokerage activity. This is a discussion similar to what we do at staff meetings.
Here we go:
The Pinellas County real estate market is currently experiencing a shift towards a more balanced market after years of seller-friendly conditions. Home prices have slightly declined, while inventory has significantly increased, giving buyers more options and creating more competition for sellers.
Key Trends:
Declining Home Prices:
The median sale price for single-family homes in Pinellas County has decreased compared to last year. In May 2025, the median sale price dropped
to $460,000, a 5.2% decrease year-over-year.
Increased Inventory:
Active inventory has surged, providing more choices for buyers. In May 2025, the number of active listings jumped to 4,182 homes, a whopping 40.3% increase over previous years.
Slowing Sales:
While sales activity has picked up, the pace of sales has been slowing. Some buyers are taking a wait-and-see approach as more inventory becomes
available.
Buyer Advantage:
The increased inventory and softening prices are creating a more balanced market, offering buyers more negotiating power. Median Sale Price: (keep in mind, these are generalized statistics) The median sale price in Pinellas County was $400K in June, down 3.6% since May.
Condo and townhome prices have experienced even steeper declines, with the median sale price down 10.3% year-over-year to $260,000 in May 2025.
Days on Market:
Homes are taking slightly longer to sell, with the median time to contract increasing to 38 days.
In conclusion, the Pinellas County residential real estate market has shifted from a strong seller’s market to a more balanced one, with slightly lower prices, increased inventory, and a slight slowdown in sales activity.
Commercial Market:
The commercial real estate market in Pinellas County, FL, is active with numerous listings for sale and lease. Several online platforms provide comprehensive listings – including LoopNet, Property Shark, Crexi, and Commercial Cafe. These sites allow users to search for specific property types, locations, and price ranges.
To navigate effectively, engage an experienced commercial broker to help find something that fits your needs. We also have a number of opportunities for investors, as well as those interested in multi-family properties, land, office, and warehouse space. We take an individual approach with each client to figure out and address their needs most effectively.
We work out what we feel is in your best interest, whether you are buying or selling. It is a very key part of what we do and what you should do in your involvement with real estate.
The attached information regarding your immediate community is for your use. Please let us know if we can help you with your residential, commercial, or investment real estate.
Contact me with any comments or questions.
Best Regards,
Brian Andrus
Broker, Owner, Past President of the Florida Gulfcoast Commercial Assn of Realtors
Stonebridge Real Estate Integrity is Everything | Andrus Development Group
33 N Garden Avenue | Suite 120 | Clearwater, Florida 33755 | www.StonebridgeRealtors.com
Cell 727.244.7470 | Office 727.443.5000 | Brian@andrusbroker.com