The last year has been a challenging one for all housing markets. With rising mortgage rates and the resulting pullback in demand, prices have fallen off – at least slightly – in most parts of the country.

Tampa, Florida, is no different, but it’s still largely holding steady thanks to the region’s strong job market, low inventory levels and ever-growing population.

As for 2023, it seems like another strong year is ahead – one where demand is rising, supply is low and prices grow, at least on move-in-ready properties for the Tampa-St. Petersburg-Clearwater metropolitan statistical area.

Many sellers have refrained from listing their homes because of fear from Volatile economy. People who bought with a 2.5 and 3% interest rates are not planning on selling either. Therefore, we are seeing a decrease in supply and increase in demand.

We just started noticing multiple offers on homes that are priced wisely and in good condition.