Tampa Bay Real Estate & Mortgage Market Update – January 2, 2026: Balanced Trends, Buyer Leverage & Stable Mortgage Rates

Tampa Bay’s housing market enters 2026 with higher inventory, longer listing times, and growing buyer leverage. Mortgage rates remain stable near 6%, while seller concessions are common and foreclosure activity adds to supply.

Tampa Bay Real Estate & Mortgage Market Update – Week Ending Jan 2, 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 enters 2026 with a more balanced housing market. Inventory levels are higher, homes are
staying on the market longer, and buyers are gaining leverage, while mortgage rates remain relatively
stable.

Market Snapshot

Buyer leverage: Increasing
Days on market: Longer than earlier in 2025
Seller concessions: Common

Zillow Tampa Market Data

Mortgage & Financing Trends

The average 30-year fixed mortgage rate is holding near 6.05%, with 15-year loans closer to 5.35%.

Source: Bankrate

Fed Watch

After multiple rate cuts in 2025, the Federal Reserve has entered 2026 in a pause-and-observe mode,
helping keep borrowing costs stable.

Homeowners & Community Notes

Florida continues to experience elevated foreclosure activity in select areas, which may gradually increase
inventory.

Redfin Housing Research

Local Business Spotlight

Ulele – Tampa
A waterfront Tampa staple known for native-inspired cuisine and Riverwalk views.
📍1810 N Highland Ave., Tampa, FL, 33602

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