What Tampa Bay's Real Estate Market Stats for August 2025 Tell Us

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.

The latest Tampa real estate statistics show a market that is performing differently from recent years. Home sales are lower than a year ago, and even compared to two years ago, as higher interest rates continue to influence activity. The impact of recent hurricanes is still being felt, with sales averaging 10% to 12% lower each month compared to last year. If buying or selling is in your plans this year, here’s what you need to know before making a decision:

Home sales are suffering. The average sale price in July was $489,000. Recent months have seen prices edge up by a few percentage points at a time. As the effects of hurricane damage continue to fade, the market is showing gradual improvement. However, compared to other areas across the country, Tampa is underperforming, with annual depreciation and fewer sales.

Balanced territory. There is currently a 4.82-month supply of inventory, which puts the market in balanced territory. There are about 21,000 homes available, and to put that in perspective, a seller’s market typically has less than 3 months of supply, while a buyer’s market is around 6 months or more. Different neighborhoods in the Tampa Bay area are experiencing varying conditions, with some favoring buyers and others leaning toward sellers. On average, the market sits in the middle.

“Higher interest rates and hurricane impacts continue to influence Tampa Bay housing activity.”

What does this mean for buyers and sellers? For buyers, it’s an excellent opportunity to make a purchase. For sellers, it means the need to stay competitive. Pricing aggressively is key, as buyers are aware of the data. They see fewer sales and lower prices compared to last year, which gives them confidence to negotiate for better prices or concessions.

The market is moving at a slower pace than a few years ago, but homes are still selling and transactions are happening. Property tax relief or possible Federal Reserve rate cuts could also boost activity later this year, while bigger improvements are more likely to happen in 2026.

Whether you’re thinking about buying or selling, knowing the numbers will help you plan your next move better. And if you have questions or need guidance about the market we are in right now, just reach out. You can call me at 813-955-1079 or email me at info@theduncanduo.com. The market is constantly changing and can be overwhelming, and I’m here to help.