Published February 26, 2025
Tampa Bay home sales surge amid price decline, bucking statewide trends
.png)
By Devonta Davis – Digital Producer, Tampa Bay Business Journal
Home sales in Tampa Bay are climbing so far in 2025, driven by increased inventory and a slight dip in prices, giving buyers more opportunities in a shifting market.
In Florida, closed sales of single-family homes last month totaled 15,384, up 3.6% from the January 2024 level, while existing condo-townhouse sales totaled 5,787, down 3.7% year-over-year, according to data from the Florida Realtors Research Department in partnership with local Realtor boards/associations.
This January, the Tampa Bay area's housing market saw notable activity. The region reported 2,458 closed sales of single-family homes, marking a 7.9% increase compared to January 2024. The median sale price for these homes was $394,990, reflecting a slight decrease of 1.3% from the previous year.
In the townhouse and condo segment, there were 1,018 closed sales, representing a 13.7% rise year-over-year. The median sale price for these properties stood at $325,000, a 2.5% increase from January 2024.
Statewide, Florida's housing market also saw growth. Single-family home sales reached 15,384, up by 3.6% from the previous year. The median sale price of $410,000 was a 1.2% increase from last year.
"Overall, home sales are still being affected by the combination of mortgage rates, home prices and median incomes," said 2025 Florida Realtors President Tim Weisheyer, in a statement. "However, the prior constraints on inventory continue to ease as the increase in new listings and increased for-sale inventory across the state offer more opportunities for many homebuyers who have been waiting on the sidelines."
See Florida Realtors' data here.
Townhouse and condo sales across the state totaled 5,787, a 3.7% decrease, while the median sale price was $312,500, down by 2.3%.
