These large cities continued to experience price increases Borrowers are in considerably better shape, as seen by their improved credit scores. Zillows housing market prediction for 2022 is that home prices will increase up to 17.8%. Consumers are under financial stress and theyre trying to downsize their spending. We continue to see that homeownership remains a strong goal for consumers, particularly for young adults looking to start a family and who feel secure in their jobs and ready for that next transition., If you want to buy in this market, nows not the time to buy. His mission is to help 1 million peoplecreate wealthandpassive incomeand put them on the path tofinancial freedomwith real estate. Tampa Housing Market Predictions 2023: Home Prices The average median price in Tampa as of September 2022 is $614,497, which is significantly higher What is the housing market like right now? Laguna Niguel, CA 92677, Copyright 2018 Norada Real Estate Investments, https://www.miamirealtors.com/news/south-florida-market-stats/december-2022/, https://www.floridarealtors.org/tools-research/reports/florida-market-reports, Housing Market News 2023: Today's Market Update. On the job market front, Florida added 500,000 jobs in 2021. With the deceleration of price rise, total inventory might expand in the future. Higher mortgage rates may cause unprepared house buyers to postpone their purchases. //-->