Tampa Housing Market Analysis: Drop in Rankings for 2025

TAMPA, Fla. — The Tampa region has seen a significant shift in its housing market, with a recent analysis from Zillow revealing that it is no longer among the Top 25 hottest housing markets for 2025.

According to the analysis, Tampa has dropped to 29th place in the nation for the hottest housing markets in 2025, marking a 19-spot decline from the previous year. This drop is attributed to a 2.5% decrease in year-over-year growth in the home value index in Tampa, as well as a 7.3% increase in inventory compared to pre-pandemic averages.

Local resident Matthew Waxman, who has been involved in buying and selling homes in Tampa for the past four years, noted the significant change in the market. “It was booming, like nonstop booming from the start of the pandemic all the way through,” said Waxman. “I think a lot of people were happy to relocate to Florida.”

Tampa’s decline in the housing market rankings is one of the largest in the nation, following cities like Memphis and Las Vegas. Other Florida markets, including Jacksonville and Orlando, also dropped in the rankings, with Miami being the only market in the state to move up.

Local realtor Chandler Thompson pointed out that recent hurricanes and the resulting increase in insurance and taxes have led some buyers to reconsider moving to Tampa. However, he also noted that buyers now have more negotiating power in the market.

Despite the changes in the housing market, both Waxman and Thompson agree that Tampa remains a desirable place to live. “It’s a growing city. It’s a vibrant city full of great neighborhoods and fantastic people,” said Waxman. “Why wouldn’t people want to live in Tampa?”

In a separate story, ABC Action News reporter Sean Daly highlighted a remarkable achievement by a student at Strawberry Crest High School who achieved a “perfect triple” by scoring perfectly on the SAT, PSAT, and ACT exams.