Tampa Housing Market Trends

"The Tampa-St. Petersburg-Clearwater metro housing market shows 53.78% of active listings have reduced prices, yet homes sell 14 days faster than the statewide median, according to the latest market data for the week ending Oct. 31, 2025. This divergence from Florida's broader market patterns signals a region where sellers are adjusting more quickly to buyer expectations. The metro's median days on market sits at 84 days, compared to Florida's 98-day median and the national median of 77 days."

"Despite widespread price reductions, Tampa's median list price of $455,000 remains below the state median of $480,000, while the price per square foot of $254.08 edges above Florida's $249.41. Tampa's housing inventory totals 12,013 active single-family homes, with 631 new listings entering the market. The market absorbed 905 homes, outpacing new inventory by 274 units. This absorption rate translates to 3.2 months of supply, below Florida's 3.5 months and above the national figure of 2.9 months."

"The 4.69% relisted rate indicates most properties sell on their first market appearance. Meanwhile, only 2.02% of active listings increased prices during the week, showing minimal upward price pressure. The high percentage of price cuts at 53.78% reflects sellers' responsiveness to market conditions. Tampa's median list price of $455,000 sits 5.2% below the state median, offering relative affordability within Florida's expensive housing landscape."

The Tampa-St. Petersburg-Clearwater metro shows 53.78% of active listings with reduced prices while only 2.02% increased prices, indicating predominant downward adjustments. Homes sell in a median of 84 days, 14 days faster than Florida's 98-day median and seven days slower than the national median of 77 days. Median list price is $455,000, 5.2% below Florida's $480,000, while price per square foot is $254.08, above the state average of $249.41 and the national $213.14. Inventory totals 12,013 active single-family homes with 631 new listings and 905 homes absorbed, yielding 3.2 months of supply. A 4.69% relisted rate suggests most properties sell on first listing and the market remains neutral between buyers and sellers.

Read at www.housingwire.com