Florida’s housing market is showing more signs of shifting toward a buyer’s market after years of intense demand. According to a recent data analysis reported by Zillow, the Tampa region is no longer among the Top 25 hottest housing markets for 2025. It has dropped to 29th place nationally, falling 19 spots from its position in 2024.
Zillow’s analysis shows that Tampa experienced a year-over-year decline of 2.5% in its home value index. However, there is a silver lining for home buyers, as inventory in Tampa has increased by 7.3% compared to pre-pandemic averages.
Tampa’s significant drop on the list of hottest housing markets was one of the largest in the country, following Memphis and Las Vegas. San Francisco also saw a similar decline.
Additionally, Tampa, Jacksonville, and Orlando all experienced decreases in their rankings, while Miami was the only market in Florida that moved up in the rankings over the past year.
