More Tampa Bay homes sell at a loss

State of play: 2.38% of Tampa Bay homes sold at a loss from August to October 2023 — up from about 1% a year ago.

• The median loss was around $30,500, per Redfin data.
• Yes, but: That's down $9,000 from last year.

The big picture: Losing money on your home sale is becoming more common across the U.S.

• The highest share and largest losses were in San Francisco. Roughly one in seven SF homeowners lost money on their home sale, with a median loss of $122,500.
• Some markets have been stronger for sellers this year. The share of losses in Chicago, for instance, has shrunk since last year.

Yes, but: In this low-inventory market, sellers are still on top. Those who've been in their homes for a long time can still make a profit, per Redfin.