Tampa Bay home sales not as robust in May as in previous months

For the metro area, which includes Pinellas, Hillsborough, Pasco and Hernando counties, the number of single family homes sold in May rose 11.4 percent from a year ago, but was less than the number changing owners in April. Most of the decline came in Pinellas.

After climbing several months, “home sales have leveled out a bit,” a statement from the Pinellas Realtor Organization said Monday. “Partnered with the recent slight increase in interest rates and decreasing inventory, that’s enough to burst anyone’s bubble talk.”

Total year-over-year sales of single-family homes and condos in Pinellas rose 10 percent, though there were 74 fewer sales than in April.

Hillsborough fared better, with sales of single-family homes rising nearly 15 percent in May. Condo sales inched up a mere 2.1 percent.

Prices, though, were up throughout the Tampa Bay area. They hit a median of $175,000 for a single-family home, $5,500 higher than in April and nearly $20,000 higher than last fall.

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About Author

John William is a cum laude graduate of the University of Miami, and has spent his lifetime in sales and marketing. The fourth generation to join his family business, John William manages all luxury residential sales and transactions within the Tampa Bay and South Florida markets. A keen industry insider with a finger on the pulse of the area, He is an expert identifying high-return acquisition and development opportunities for hungry investors both large and small while simultaneously working with homeowners and homebuyers to buy and sell the home of their dreams… often times without the need of the MLS or a For Sale sign. He also oversees all digital and print marketing for the company, and handles all sales training for new and established agents alike. He is a member of the Board of Directors of Brookwood Florida, the oldest charity in Florida, and works to raise millions of dollars annually for local charities and museums.