Tampa Bay Real Estate & Mortgage Market Update – January 23, 2026: Stability Amid Fed Rate Pause

A Balanced Start to 2026 The Tampa Bay market remains in a balanced state as 2026 progresses. With elevated inventory and increased buyer leverage, sellers are increasingly offering concessions while mortgage rates stabilize following 2025’s Federal Reserve cuts. Discover the key trends shaping the current landscape.

Tampa Bay Real Estate & Mortgage Market Update – Week Ending Jan 23, 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 balanced market. Inventory remains elevated, homes are staying on
the market longer, and buyers are benefiting from improved negotiating conditions.

Market Snapshot

Buyer leverage: Increasing
Days on market: Elevated
Seller Concessions: Common

Source: Zillow Tampa Market Data

Mortgage & Financing Trends (National Averages)

30-year fixed-rate mortgage: ~5.90%
15-year fixed-rate mortgage: ~5.20%

Fed Watch

After several rate cuts in 2025, the Federal Reserve remains in pause mode, helping mortgage rates
stay relatively stable.

Local Business Spotlight

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Featuring a curated selection of sweet and savory options made fresh in-house. Whether you’re treating yourself or feeding a crowd, they make it easy and delicious.
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