South Tampa Real Estate Market Report | 10/11/26-10/17/26
National pending home sales fell 12.7% year over year to a 12-year low, as higher borrowing costs continue to sideline buyers. South Tampa reflects that sentiment, with 845 active listings but only 44 pending sales last week, while homes priced from $1 million to $2 million averaged 164 days on market. With 30-year mortgage rates holding at 7.40% (compared with 6.27% one year ago), realistic pricing remains critical for sellers who want to sell.
Have a great week!
Michael Palermo
