Tampa/Hillsborough County Real Estate Market Forecast – The Next 90 Days

As we look ahead to the next 90 days in Tampa and Hillsborough County, the real estate market is setting the stage for a fascinating summer. Whether you’re a first-time buyer eager to make your move or a seller considering listing your home, understanding what’s likely to come can help you plan with confidence.

What’s on the Horizon? Hard Data & Trends

• Median Price Holding Steady: Home prices in Hillsborough County are holding steady at a median sales price of $395,000. This means the market is balancing, with minimal growth (up only $0.03\%$ year-over-year) and offering stability for buyers.
• Inventory Gradually Rising: The **Median Days on Market (DOM)** in Hillsborough County is currently **48 days**, a slower pace than last year. While homes still sell, buyers have more time to inspect and negotiate, creating a more balanced environment.
• Buyer-Favorable Supply: The broader Tampa area is now categorized as a **buyer's market**, with **6.3 months of housing supply** available. This significant shift gives buyers more negotiating power and choices, but it means sellers must price sharply.
• **Interest Rate Fluctuations:** Mortgage rates may see minor shifts, but continued buyer interest is expected as long as rates remain reasonable. Buyers should be ready to act quickly if rates dip.

Hyper-Local Insights for Your Neighborhood

The market conditions vary dramatically depending on the neighborhood. While Hillsborough County as a whole is balancing, certain communities remain highly competitive.

• Carrollwood Deep Dive: For instance, in areas like **Carrollwood**, the median sales price is **$360,000**, with homes selling in an average of **40 days**. Meanwhile, in the specific community of Carrollwood Village, the median price is **$441,500**. This disparity shows why local expertise is critical.
• High-Demand Areas: Neighborhoods like **South Tampa** and **Brandon** are likely to remain hot spots, thanks to their schools and amenities. Sellers in these areas can expect a livelier market atmosphere, especially as families try to move before the new school year starts.

Advice for the Next 90 Days

• For Buyers: Get your financing in order and be prepared to negotiate. Focus your search on high-quality listings in balanced areas of **Hillsborough County**.
• For Sellers: Price your home realistically, highlight move-in readiness, and work with a local expert to attract motivated buyers.

The **Tampa/Hillsborough County market** is offering opportunity for both buyers and sellers—especially those taking the leap for the first time. Stay tuned for Part 3, where we’ll share practical tips and strategies to help you succeed in this evolving market!