Tampa Bay Real Estate & Mortgage Market Update – December 19, 2025: Cooling Market Trends, Lower Mortgage Rates, and Increasing Buyer Leverage

The average home value in Tampa is around $369,900, with rising inventory giving buyers more leverage. National mortgage rates stand near 6.20% for 30-year loans and 5.50% for 15-year loans, while Fed rate cuts in 2025 have boosted confidence. Zillow reports values are down about 5% year-over-year, and Redfin data shows longer days on market and more price reductions.

Tampa Bay Real Estate & Mortgage Market Update – Week Ending Dec 19, 2025

For context on whether now is a good time to buy, see Redfin’s analysis: Is Now a Good Time to Buy a House?.

Market Overview

The Tampa Bay housing market continues to cool as 2025 comes to a close. Inventory is rising, homes
are staying on the market longer, and buyers are gaining leverage while mortgage rates remain near
their lowest levels of the year.

Market Snapshot

Average Tampa home value: ~$368,000 (down ~5% year-over-year)
Days on market: Increasing
Seller concessions and prices reductions: More common

Zillow Tampa Market Data

Mortgage & Financing Trends

The average 30-year fixed mortgage rate is hovering near 6.15%, with 15-year loans closer to 5.45%.

Source: Bankrate

Fed Watch

The Federal Reserve delivered multiple rate cuts throughout 2025, helping stabilize borrowing costs
and support buyer confidence. While mortgage rates don’t move one-for-one with Fed decisions, this
environment has supported improved affordability.

Homeowners & Community Notes

Florida continues to experience elevated foreclosure activity, which could gradually increase inventory
in select Tampa Bay neighborhoods.

Redfin Housing Research

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