Episode 63 - July 2025 Market Report

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In this episode, David Vann and Julie Jones dive into the July 2025 real estate statistics for Pinellas County, providing insights for both buyers and sellers navigating today’s market. The discussion highlights trends in inventory, pricing, and absorption rates across single-family homes, townhomes, and condos.

Key Market Highlights:

• New Listings: Slight decline of 4.3% (1,891 vs. 1,976 last year), while overall inventory increased 20% from 6,617 to 7,960.
• Absorption Rates: Single-family homes remain steady at 24%—roughly one in four homes selling. Condos and townhomes show a similar lack of movement (11–14%).
• Sales & Pricing: Single-family home closings rose 4.4% (907 vs. 869), but overall sales volume is down 6%, reflecting lower-priced homes moving faster. Median sale price dropped 8.5% to $435,000; average sales price decreased 10% to $578,000.
• List-to-Sale Ratio: Homes are selling at 93% of their original list price, signaling that sellers need to price strategically below market in this declining environment.
• Days to Contract & Sale: Median time to contract is 42 days (up 45%) and median time to sale is 77 days (up 15%), reflecting realistic timelines for properties that are properly priced and in good condition.
• Inventory by Price Point: Lower-priced homes (under $600k) dominate activity, while higher-priced homes (over $600k) experience slower absorption. For example, luxury homes over $1 million have a 10-month absorption rate—meaning only one in ten sell monthly.

Insights from the Hosts:

• Buyers face limited options, especially in desirable properties, making careful selection essential.
• Sellers must adjust expectations and pricing strategies to remain competitive; pricing above the market is a common mistake in today’s environment.
• The most active part of the market is the lower- to mid-priced segments, which continue to attract both first-time buyers and repeat clients.
• For realtors, working across all price points—especially entry- to mid-level homes—is critical, as these segments represent the most dynamic opportunities for sales and growth.

David and Julie conclude that understanding supply, demand, and pricing trends is essential for both buyers and sellers. The episode emphasizes that proper pricing, quality preparation, and realistic expectations are the keys to success in the current market.

Want to work with us? David Vann can be found here, and Julie Jones can be found here! Reach out! We're nice, and we'd love to hear from you!