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.