Tampa, FL Housing Market Report

The Tampa-St. Petersburg-Clearwater housing market is currently undergoing a significant transition toward a buyer-friendly environment as we conclude 2025. With active inventory surging by 9.63 percent year-over-year to over 20,400 listings, the supply constraints that previously defined the region have eased considerably. This influx of choices, combined with a median days on market of 81 days—nearly two weeks longer than last year—indicates that the frantic pace of the pandemic era has been replaced by a more deliberate and cautious transaction cycle.

Price trends over the last six months reveal a market that is searching for a floor. After a steady decline from July through November, the median home value showed a slight uptick in December to $365,037, though it remains down 4.44 percent compared to the same period last year. This downward pressure on pricing is largely driven by the increased inventory and higher borrowing costs, which have forced sellers to be more realistic. The sale-to-list ratio of 0.98 suggests that while sellers are still receiving close to their asking prices, they are increasingly open to negotiations and concessions to close deals.

Looking ahead, the Tampa market appears to be stabilizing at a more sustainable valuation level. For buyers, the current climate offers the best leverage seen in years, with more time to conduct inspections and negotiate terms. Sellers, on the other hand, must prioritize competitive pricing and property condition to stand out in a crowded field. While the rental market has also seen a slight cooling with a 0.62 percent year-over-year decrease, the overall demand for the Florida lifestyle remains a long-term support pillar for the region's real estate values.