Tampa Bay’s home prices continue to climb in a seller’s market

Tampa Bay’s spring-summer home selling season got off to a strong start in April though it was again better news for sellers than buyers.


With single- family homes still in short supply, the median price jumped nearly 12 percent year-over-year to $190,000. But sales rose just 3.8 percent.

How tight is the supply and how high is the demand? In Pinellas, the median time from listing to contract plunged 30 percent — from 40 days last April to just 28 days this year. That means “buyers can continue to expect a very competitive market,” David B. Bennett, president of Pinellas Realtor Organization, said in a statement.

All four bay area counties showed solid price gains. Hernando led the way at 20 percent, to $138,000, followed by Pinellas, up 11 percent to $200,000; Pasco, up 10.4 percent to $170,000 and Hillsborough, up 6.4 percent to $207,545.

In Hillsborough, the market “is very steady and across the board, whether it’s luxury homes or bungalows”

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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.