Could the Tampa Bay housing market be cooling down?

Tampa Bay’s housing market may be cooling down, according to a new report from Realtor.com.

The report found that houses in the Tampa Bay area – including Tampa, St. Pete and Clearwater – spent an average of 37 days on the market. That’s a three-day increase from this time last year.

The median listing price of houses in Tampa Bay was $437,000 in August, a 22% increase from last year. This was the fifth-highest increase year over year among all metros.

In August, the overall national housing market saw the first year-over-year increase in time on the market since June 2020.

– Kelly Hayes, Extensive Enterprises Media