As we step into 2025, fresh perspectives on Tampa Bay’s housing market are emerging. Local agents and analysts have shared with WTSP that this year might present the best buying opportunities in recent times.

Nick Gerli, CEO of Reventure App, a tool for real estate analytics, commented, “The significant insight is that the Tampa housing market is undergoing a correction, which is favorable for buyers. In 2025, anticipate an increase in homes for sale, higher inventory levels, and lower prices throughout the metro area.” Gerli, a St. Petersburg resident, noted that while prices won’t drop back to pre-pandemic levels, conditions are improving for buyers. He predicts a correction ranging from 4-5% in some areas, with possibly up to 10% in others, suggesting, “2025 could be the best year for buying a house in Tampa since 2019 or 2020.”

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Realtor Ashley Gajdosz highlighted the impact of recent Hurricanes Helene and Milton on the market, particularly in coastal regions. “We’re seeing numerous properties sold in ‘as-is’ condition at reduced prices just to move them,” she stated. She anticipates less market activity inland, in counties like Hillsborough and Polk. “Our markets are very divided and distinct now,” she added, advising sellers to price their homes competitively or slightly below market value to succeed.

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Brian Sandstrom, another local realtor, views 2025 as a critical year, with hopes pinned on improved interest rates and insurance reforms. “We need new insurance providers besides Citizens to enter the market,” he remarked, suggesting that 2025 will be fascinating to watch unfold.

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On a positive note for renters, data from sources like Realtor.com and Redfin suggest that rental prices in Tampa Bay might see a slight decrease in 2025.

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