Tampa real estate market update! What’s happening in Florida’s real estate market? Whether you’re buying or selling, knowing the trends is key! In this video, I’ll share the latest stats, what they mean for you, and how to make informed decisions. Watch now to stay ahead!
Here’s the news:
The Tampa Bay housing market is stabilizing in some areas
Do you want to know what’s happening in Florida’s real estate market, whether you’re buying or selling, knowing the trends is key. In this video, I’ll share the latest stats, what they mean for you, and how to make informed decisions. So watch now to stay ahead.
Hey friends, I’m Margaret Jackson with the Professional Agent Group with Keller Williams Realty here in beautiful Tampa Bay, Florida, where we are your trusted Florida real estate experts.
Have you been wondering, Hey, how’s the market doing right now? We’re getting a fair few questions about that. Now we’re into the new year, and whether you’re thinking of buying or selling or investing, understanding the current trends is essential. So let’s dive in and break it down. So we’ve talked about this in the past. The real estate market is constantly evolving, and 2025 is no exception. So let’s cover some of the critical headlines.
So key point number one, the market is balancing. We had that market growth going on in Florida, and the market is stabilizing. Inventory is increasing, which is giving buyers more options, but demand is still remaining steady and keeping prices stabilized still in some areas.
Hurricanes in Tampa Bay- Beware!
No Tampa Real estate update would be complete without a mention -as many of you know, we had the hurricanes (Hurricane Helene, then two weeks later, Hurricane Milton) come through Tampa Bay and impact Tampa area real estate. Lots of takeaways to consider- that’s for another video.
We’ve got some areas of Pinellas County, Pasco County, and Hillsborough that were heavily impacted by flood waters. There are some new forms and disclosures that have already been introduced, that we’re implementing in 2025 that start to capture some of what went on around some of those homes. But it’s something to be on your radar as you’re going out, whether you’re listing a home or buying a home, it’s something that you need to be fully on top of.
Interest Rates
So what about interest rates? We thought that were going to come down and stay down.
They really didn’t. Interest rates did dip- but then they went back up again. They are a critical factor in the market. So while they’re still slightly risen, buyers are now starting to adapt and demand is still strong in some of the key Florida areas.
Sellers should consider great staging and pricing strategies to stay competitive so that their homes are still getting showings and attracting offers.
Florida’s Unique Appeal to homebuyers
Next- Florida’s unique demand, Florida continues to attract retirees, remote workers, and some international buyers. This steady influx just keeps demand moving, particularly in desirable areas.
Right now we’re being asked more than anything else about living not in a flood zone and also living out of an evacuation area. But here’s what we know. Those things go in cycles too, and those homes close to the water are also attractive to the right buyers right now. And it kind of does go back to what happened during the storm season. For each home, there is a buyer out there for every home. Whether you’re buying, selling, or just curious about the market, or you want to know what your house is likely to sell for in this market, staying informed is key.
That’s it for your Tampa real estate market update for January! Let’s talk about your real estate goals and how today’s market conditions can work for you. So reach out to us today and we’ll help you get started. Make it a great day!
