Tampa Bay Real Estate & Mortgage Market Update – January 16, 2026: Housing Inventory, Fed Rate Pause, and Buyer Opportunity

The Tampa housing market is shifting: buyers now have more options and time, while sellers are adjusting to longer timelines and more negotiation. As mortgage rates stabilize near 6.06% following the Fed's 2025 rate cuts, the 2026 market offers a steadier environment for planning. Explore the latest snapshots on home values, inventory, and financing trends.

Tampa Bay Real Estate & Mortgage Market Update – Week Ending Jan 16, 2026

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

Tampa Bay continues 2026 in a more balanced market: buyers have more options and time, while
sellers are seeing more negotiation and longer timelines.

Tampa Snapshot

Zillow Tampa average home value: $365,037 (down 4.4% year-over-year)
Typical time to pending in Tampa: ~44 days (Zillow)
Redfin Tampa median sale price (Dec 2025): $462,250 (down 1.6% year-over-year)
Average days on market (Dec 2025): 66 days (vs 47 last year)
Homes sold (Dec 2025): 464 (vs 458 last year)

Sources: Zillow Tampa Market Data, Redfin Tampa Housing Market

Mortgage & Financing Trends (National Averages)

30-year fixed-rate mortgage: 6.06% (Freddie Mac PMMS as of 01/15/2026)
15-year fixed-rate mortgage: 5.38% (Freddie Mac PMMS as of 01/15/2026)

Source: Freddie Mac PMMS

Fed Watch

Rates have been stabilizing as the Fed starts 2026 in a pause-and-observe posture after multiple rate
cuts in 2025. Mortgage rates don’t move one-for-one with the Fed, but the steadier environment can
help buyers and sellers plan with more confidence.

Local Business Spotlight

Columbia Restaurant – Ybor City, Tampa
For more than 120 years, the Columbia Restaurant has served Spanish-Cuban cuisine to the state of Florida, using family recipes and tradition.
📍2117 E 7^thAve, Tampa, FL, 33605

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