Mar 25, 2024 - News

Homes in Tampa Bay change hands often

Data: Redfin analysis of county records; Note: National data calculations exclude Utah and Texas as well as Kansas City, St. Louis, Indianapolis and Boston due to insufficient county records; Chart: Axios Visuals
Data: Redfin analysis of county records; Note: National data calculations exclude Utah and Texas as well as Kansas City, St. Louis, Indianapolis and Boston due to insufficient county records; Chart: Axios Visuals

Tampa Bay homeowners are settling down for shorter periods of time.

Why it matters: Fairly affordable metro areas and migration hotspots like Tampa Bay are seeing homes change hands more often. The churn effect of migration can fuel local economies.

Zoom in: The typical Tampa Bay homeowner has spent nine years in their home, down from 10.7 years a decade ago, according to a recent Redfin analysis of county records.

  • Nationally, tenure sits at nearly 12 years.

Between the lines: The pandemic sparked a moving frenzy, Redfin notes.

Zoom out: Analysts found that homeowners across the U.S. are holding onto their homes nearly twice as long as they did in 2005.

Go deeper: America's homebuyers are getting older

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