What’s Really Happening in Florida’s Housing Market Right Now

If you’ve been watching the headlines, you already know Florida’s real estate market is changing. But what does that mean for you as a homeowner or buyer here in Tampa Bay? Florida Realtors® recently released their latest Economist Report (July 2025), and the insights are clear: today’s housing market looks very different than it did just a few years ago.

Here are the five biggest trends shaping the market right now — and how they could impact your next move.

1. More Sellers, Different Buyers

We’re seeing more homes hit the market, but the typical buyer has changed. Today’s buyers are often older, wealthier, and moving up from another property. Many first-time buyers are still sitting on the sidelines due to affordability challenges.

What it means for you: If you’re selling, you may be working with buyers who know exactly what they want and have strong financial backing. If you’re buying, expect competition from experienced homeowners who can move quickly.

2. Prices Are High, But Buyers Are Gaining Power

Home prices across Florida — and here in Tampa Bay — remain elevated. Rising monthly payments (thanks to insurance and interest rates) are making affordability a challenge. That said, the market is starting to balance, giving buyers more room to negotiate than in the frenzied years of the past.

What it means for you: Sellers should focus on pricing right from the start to avoid price cuts later. Buyers can take a breath — you may finally have leverage to ask for concessions.

3. Who’s Buying is Changing

Florida households with kids are becoming less common, while single buyers — especially women — are growing as a major part of the market. That shift is changing what people look for in a home: safety, low maintenance, and lifestyle amenities are more important than ever.

What it means for you: If you’re selling, highlight features like updated security, walkable neighborhoods, and nearby conveniences. If you’re buying, know that demand for these features may drive competition in certain communities.

4. Florida Still Attracts Wealth and Growth

Even with slower migration than the boom of 2020–2022, Florida continues to attract people, wealth, and jobs. That steady inbound movement helps keep home values strong and supports the local economy.

What it means for you: If you’re relocating here, you’re not alone. Tampa Bay remains a top destination for out-of-state buyers looking for sunshine, no state income tax, and a better lifestyle. If you’re already a homeowner, this ongoing demand helps protect your investment.

5. Condos Face New Challenges

Florida’s new condo safety laws and rising costs mean more condos are hitting the market. At the same time, legislative updates are giving associations some flexibility to spread out expensive assessments.

What it means for you: If you own a condo, understanding your building’s financial health is critical. If you’re considering buying, make sure you review association documents carefully — not just the unit itself.

The Bottom Line

Florida’s housing market isn’t slowing down — it’s evolving. Whether you’re thinking of selling, buying, or just curious about your home’s value, understanding these shifts helps you make smarter decisions.

📲 Have questions about what this means for you in Tampa Bay? I’d be happy to walk you through the numbers and strategies for your neighborhood.

👉 Get your personalized home value estimate today
or call/text me at 727-744-2205 to talk through your options.

—
Arty, Broker Associate
MoveWithArty | Coldwell Banker Realty