Apr 15, 2025 - News
Tampa Bay homes are changing hands years quicker than the national average
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Tampa Bay homeowners have spent a median of about nine years in their homes — down from 11 years a decade ago, according to a recent Redfin analysis of county records.
Why it matters: That's fewer years than the national median of about 12.
- Relatively affordable metro areas and migration hotspots typically see homes change hands more often.
Zoom out: Nationally, the median homeowner tenure is nearly double what it was early this century, but it's down from its pandemic peak, per Redfin, despite elevated home prices and mortgage rates.
- The average 30-year fixed rate was about 7% on Friday, according to Mortgage News Daily.