Source: Tampa metro home prices, sale growth for 2021 - Tampa Bay Business Journal (bizjournals.com)
Nationally, Realtor.com expects home prices to rise 5.7 percent in 2021 with sales also rising by 7 percent. Mortgage rates are also expected to rise 3.4 percent.
By Brendan Ward – Digital producer, Tampa Bay Business Journal
Dec 3, 2020, 6:55am E
The Tampa-St. Petersburg-Clearwater metro area’s housing market is expected to be among the most active heading into 2021.
Realtor.com’s annual housing forecast expects the Tampa metro to be among the top areas for both year-over-year price growth and sales growth.
The forecast expects the Tampa metro to see 7.5 percent year-over-year price growth in 2021, the eighth highest among the 100 metros evaluated. Only a handful of metro areas expected better price growth, with the San Jose metro topping the list at 10.8 percent.
The Tampa-St. Petersburg-Clearwater metro area’s housing market is expected to be among the most active heading into 2021.
Realtor.com’s annual housing forecast expects the Tampa metro to be among the top areas for both year-over-year price growth and sales growth.
The forecast expects the Tampa metro to see 7.5 percent year-over-year price growth in 2021, the eighth highest among the 100 metros evaluated. Only a handful of metro areas expected better price growth, with the San Jose metro topping the list at 10.8 percent.
The Miami metro area is expected to see 7.1 percent price growth, while Orlando and Jacksonville are expected to see 5.8 percent and 5 percent growth, respectively. All metros surveyed expect some price growth.
The Tampa metro is also expected to see a bump in year-over-year sales growth at 8.7 percent. That is the 31st best sales growth, a little lower than its price growth spot, but still among the top third of all metros.
The Orlando metro area at 10.1 percent and Jacksonville metro area at 9.4 percent are expected to have slightly better sales growth than Tampa. Miami’s metro area is expected to see 3.7 percent sales growth. All metro areas surveyed expect to see sales growth except the Detroit metro area and the New York-Newark-Jersey City metro area, both of which are projected to see sales declines.
Nationally, Realtor.com expects home prices to rise 5.7 percent in 2021 with sales also rising by 7 percent. Mortgage rates are also expected to rise 3.4 percent.
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