May 13, 2025 - Real Estate
Tampa Bay homebuyers see fewer perks
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About 33% of Tampa Bay homes sold in the first quarter of 2025 had a concession, down from around 43% a year earlier, according to Redfin data.
- That's money buyers can put toward repairs, closing costs and other expenses.
The big picture: Nationally, over 44% of sellers are giving buyers concessions — nearly a record high, the real estate site reports.
Driving the news: More sellers nationwide have handed out such sweeteners as buyers face high home prices, elevated mortgage rates and economic uncertainty, per the report.
- But in Tampa Bay, where the housing market has cooled, sellers are pricing homes lower upfront and often avoid concessions.