Tampa’s housing market shows signs of transformation. Realtor.com’s February data reveals a welcome increase in available homes compared to last year. This could ease affordability concerns for buyers, but inventory remains lower than pre-pandemic levels. However, there’s a positive twist: home price growth seems to be stabilizing, with the median listing price showing a slower year-over-year increase.
Despite affordability challenges, buyer demand remains strong. Homes are actually selling faster compared to February 2023. This creates a dynamic market where both buyers and sellers can find opportunities. For buyers, navigating price stabilization and competitive listings requires a skilled realtor. For sellers, strategic pricing is key in this market.
As a Tampa realtor with over 20 years of experience, I’ve seen the market through many ups and downs. I can help you understand these latest trends and use them to your advantage. Contact me today!