As May begins, the real estate market continues to evolve with fresh movement and real opportunity for both buyers and sellers, despite some of the broader market headlines.
Inventory for both single-family homes and condos in 33140 has increased compared to this time last year, particularly in the $3 to $5 million range. That growth is giving buyers more options, while sellers who price strategically are still seeing strong results.
The general theme this season is that strategy matters. Buyers are showing up prepared to make decisions, but they’re also more discerning. For sellers, this means pricing and presentation need to work together from day one. Now is the time to review recent comps, refresh staging if needed, and make sure your home stands out from the competition.
We’re also seeing these dynamics play out in the condo market. While inventory in the ultra-luxury segment remains relatively tight, there’s been a noticeable increase in listings up to $5 million. Some sellers are choosing to list now rather than continue carrying long-term special assessments or waiting through delayed building renovations, especially in older buildings. If you're selling in one of these buildings, it’s important to understand how those factors may influence buyer expectations and plan accordingly.
For buyers, this creates opportunity for those willing to take on short-term challenges in exchange for future value. Condos in well-located buildings undergoing updates may offer long-term potential for those planning to hold the property over time.
Across all price points and property types, success in today’s market comes down to thoughtful preparation, realistic expectations, and a clear strategy. Whether you're preparing to sell, starting your search, or keeping an eye on the market, May is a valuable time to stay informed and move with confidence.
