Tampa, FL home prices and housing market

Tampa, more than a quarter of home listings just cut their price, while values barely moved all year. If you own a home here and you are wondering whether to sell, that gap between seller hopes and buyer reality is the whole story this month. The typical Tampa home is worth about four hundred three thousand dollars, up only about one percent from a year ago, which is basically flat. Meanwhile there are around three thousand two hundred homes for sale, and the typical listing sits on the market for about sixty-seven days before going under contract. Here is where it gets sharp. The median asking price is about four hundred fifty thousand dollars, roughly forty-seven thousand dollars above what the typical home is actually worth, and nearly a thousand new listings arrived this month adding to the pile. That is why more than a quarter of sellers have already cut their price just to get a deal done. So if you sell this year, price at what homes are worth, not what sellers wish, or you will sit for two months and cut anyway. To find out what your Tampa home would actually sell for right now, get a free estimate at Home Value Pros dot com.