Tampa's housing market is experiencing a cooling trend, especially for sellers who bought homes post-pandemic, where 36% risk selling at a loss. Comparatively, only 1% of pre-pandemic buyers face similar challenges. Recent market shifts have resulted in declining home values alongside rising insurance costs and climate risks. The likelihood of loss increases with predicted price drops of 1% to 5%. Despite these challenges, 94% of homes nationwide still sell for a profit, suggesting resilience in the broader market.
36% of sellers who bought post-pandemic are at risk of losing money on the sale, the second-highest share in the nation, compared to 16% nationwide.
Falling prices would create a larger gap; if prices drop by 1%, 12% of Tampa listings would be at risk.
The majority of sellers still make money; nationwide, 94% of homes sell for more than they were purchased for.
Tampa's housing market has cooled and home values are starting to decline due to rising insurance costs and climate risks.
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