Homebuyers have gained some negotiation power in the current market due to elevated interest rates curbing demand. But the scale hasn’t tipped fully to buyers due to plunging inventories that have kept home prices elevated and competition high.
Tampa was rated 2022’s hottest housing market by Zillow, beating out other Florida cities as well as other major metros like Phoenix and Austin, Texas.
The real estate market in Tampa Bay is still hot. So what if you want a new home, but you don't want to leave your neighborhood? A growing number of homeowners are choosing to stay where they are, rebuilding from the ground up.