Tampa Housing Market Update: August 2025

The Tampa housing market continues to evolve as we move through the second half of 2025. With constant headlines and speculation swirling around, let’s look at the latest data from last month to see what’s really going on in the market and where home values are headed.

MARKET SNAPSHOT

1. Inventory (Supply)

   1. There were 20,604 active listings in July 2025, up 12.3% year-over-year from 18,355 listings in July 2024.

   2. This 12.3% increase in inventory is continuing to put downward pressure on home values.

2. Closed Sales (Demand)

   1. 4,219 homes sold last month in July 2025, down 6.5% year-over-year from 4,511 sales in July 2024.

   2. This decrease in demand, likely driven by affordability and economic challenges, is reinforcing the softer pricing environment.

3. Median Sales Price

   1. The median sales price decreased to $375,000 in July 2025, down 3.3% from $387,900 exactly a year ago.

   2. This slight decrease in sales price reflects current market dynamics caused by increased supply, and a decrease in demand.

WHERE ARE HOME PRICES HEADED IN 2025?

At the end of the day, supply and demand drive the market. With inventory up 12.3% and demand down 6.5%, market fundamentals suggest we’ll see a continued decrease in home values in the short-term.

Seasonality will also play a role. The Tampa market typically slows in the fall and winter months, with home values historically dropping 1-2% between August and December. Given current trends, combined with elevated mortgage rates and inflationary pressure, a slightly steeper decline is likely and could exceed 2% by year-end. Of course, exact figures will vary depending on location, property type, price point, etc.

WANT A PERSONALIZED PLAN?

If you’re wondering what this means for your home’s value, simply reply to this email and I’ll send you a free, personalized equity report based on the latest data in your neighborhood.

Best,