What is happening in the real estate market in the Tampa Bay? News sources state that the value of the dollar and stability of the United States market is driving foreign investment in the U.S. Florida is a vacation destination in winter months and sales tend to pick up this time of year. In Pinellas, closed sales, cash sales, new pending sales, and new listings are all up year over year and month over month. Closed sales are up 28% year over year and it is also the highest number of closed sales since May of this year. New listings are the highest they have been since January of this year.