Tampa Bay Real Estate & Mortgage Market Update – Week Ending Jan 9, 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’s real estate market continues to show balance as 2026 gets underway. Inventory is higher,
homes are staying on the market longer, and buyers are benefiting from improved negotiating
conditions, while mortgage rates remain relatively stable.
Market Snapshot
- Buyer leverage: Increasing
- Days on market: Longer than early in 2025
- Seller concessions: Common
Mortgage & Financing Trends
The average 30-year fixed mortgage rate is holding near 6.00%, with 15-year loans closer to 5.30%.
Source: Bankrate
Fed Watch
After several rate cuts in 2025, the Federal Reserve has entered 2026 in a pause-and-observe stance,
helping mortgage rates remain steady.
Homeowners & Community Notes
Florida continues to experience elevated foreclosure activity in select areas, which may gradually increase inventory.
Local Business Spotlight
Bern’s Steak House – Tampa
A world-renowned Tampa institution known for its steaks, wine cellar, and iconic dining experience.
📍1208 S Howard Ave., Tampa, FL, 33606
