If you’ve been paying attention to the Tampa real estate market, you’ve probably noticed the buzz: rising interest rates, shifting buyer behavior, and plenty of national news predicting price corrections. So it’s no surprise that one of the most common questions we hear is, “Are home prices going down in Tampa?”
We’re Emeri and Joe Lewkowicz, and with more than 40 years of combined experience navigating Tampa Bay real estate, we’ve lived through every type of market — from rapid growth to slowdowns to everything in between. And here’s the honest, local-insider answer:
Are prices dropping? Not in the dramatic way headlines suggest.
While we’re no longer seeing the explosive price jumps of 2020–2022, Tampa is still one of the strongest real estate markets in Florida. Prices have softened in some neighborhoods, but overall, the market has shifted into what we’d call a more stable, predictable, and sustainable phase.
Think of it this way: Tampa is catching its breath — not collapsing.
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Price appreciation has slowed from double digits to more modest, healthy levels.
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Some sellers are adjusting unrealistic list prices.
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Homes that need renovations or are priced too aggressively may see small reductions.
But across the board, demand for Tampa living remains high, and that continues to support strong overall prices. People want to be here — and that’s the biggest market driver of all.
Where are we seeing the most price flexibility?
Certain areas with rising inventory or where sellers overshot the market are showing the biggest adjustments. These neighborhoods may experience slight dips, typically around 1–5%. Homes that lack updates, curb appeal, or modern features are the ones most likely to see price movement.
But in popular, well-located communities — South Tampa, Carrollwood, Westchase, FishHawk, Wesley Chapel, Odessa, and much of St. Pete — desirable homes are still performing exceptionally well. Move-in ready homes with upgrades, pools, or strong school zones continue attracting multiple buyers.
What does this mean for today’s buyers?
If you’re a buyer waiting for a “crash,” we’re simply not seeing the indicators of one in Tampa. Instead, this is one of the more balanced and opportunity-filled markets we’ve had in years.
You’ll benefit from:
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More homes hitting the market
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Less bidding-war pressure
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More negotiating power
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Occasional seller concessions or closing cost help
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A chance to be patient and choose the right home
Buyers today are able to shop strategically — something that wasn’t possible a couple of years ago.
What should sellers expect right now?
Sellers can absolutely succeed in this market, but the strategy matters more than ever.
Homes that are:
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Priced correctly
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Updated or well-presented
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Professionally marketed
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Positioned strategically
…are still selling quickly and at strong prices.
Homes that miss the mark are the ones sitting.
We guide sellers through detailed pricing analysis, staging advice, and a marketing plan that ensures your home stands out — because today’s buyers respond to quality and value.
Is Tampa still a smart play for investors?
Absolutely. Investors continue to see Tampa as a long-term winner. Our population growth, strong rental demand, rising job market, and continuous in-migration make this a market where holding property pays off.
Whether you're focused on short-term rentals, long-term rentals, or fix-and-flip opportunities, Tampa continues to be one of Florida’s most resilient and high-performing investment regions.
So, are Tampa home prices going down?
Not in a way that signals trouble. What we’re seeing is normalization — a healthy balancing after years of rapid appreciation. Tampa remains competitive, desirable, and full of opportunity for buyers, sellers, and investors alike.
If you’re unsure what this means for your neighborhood, your home, or your goals, we’d be happy to walk you through a customized market update. Every community is different — and that’s where local experience truly matters.
Whenever you’re ready, we’re here to help you navigate Tampa confidently and successfully.
