Is Now a Good Time To Buy a Home in Tampa Bay?

By Andrew Duncan

Andrew Duncan is the Founder, CEO and Co-Owner of Tampa’s Best Real Estate Agent Team, The Duncan Duo, the Host of The Duncan Duo Real Estate Show Sundays at 10am on 970AM WFLA. As the team’s Founder, CEO & Co-Owner, Andrew’s focus is on the growth of the company, marketing and promotion initiatives as well as motivating and coaching the team’s agents and leadership.

What if the best time to buy a home is when everyone else is waiting? Right now could be the greatest opportunity in over a decade for home buyers in Tampa Bay, and I want to explain why.

Many are focused on market headlines about falling sales, high interest rates, and uncertain prices. But through years of experience building wealth and managing assets, I’ve learned something important. The best time to act is often when others are stepping back.

Following the crowd usually means missing the real opportunity. At this moment, buyers have strong negotiating power that won’t last. There are also ongoing discussions about property tax relief in Florida, and interest rate cuts are expected later this year and into next year.

If you’re waiting for rates to drop, so is everyone else. When rates fall, demand will rise, and prices will likely follow. I’m not suggesting you move forward if it’s beyond your financial comfort. But if you can manage today’s rates, buying now gives you a chance to get a better price and refinance later.

This is a smart move for buyers planning to stay long-term or move into the home. It may not be the right time for short-term owners. Still, many people are holding off, hoping their current home will increase in value or that interest rates will come down.

But if your home’s value increases, other homes will too. Today, some homes are selling for 3% to 5% below asking. Once rates drop, the same homes may sell for 3% to 5% above asking. The advantage you’re seeing today won’t be there tomorrow.

This is the kind of opportunity savvy buyers recognize. They move when others pause. You can wait and follow the crowd, or you can use this moment to make a well-timed decision.

If you’re ready to explore your options, I’m here to help you make a confident and informed decision. You can call me at 813-955-1079 or email me at info@theduncanduo.com. I’ll help you navigate this market and find the best home for your lifestyle and budget.