Another real estate listing company has highlighted Tampa as a market that is expected to be hot in 2021.
Seattle-based Zillow listed Tampa among the five markets it expects to be the hottest in 2021, joining Denver; Austin, Texas; Nashville, Tennessee; and Phoenix. All five markets are noted for being relatively affordable compared to more expensive coastal cities like New York and San Francisco.
“Tampa is a City of the rise and one of the most exciting places to call home. We have the unique combination of diverse and historic neighborhoods and new world-class developments that are bringing good paying jobs and exciting opportunities to our region every day,” said Tampa Mayor Jane Castor. “It comes as no surprise that people are discovering all that Tampa has to offer, which has resulted in our landing as one of the ‘hottest’ housing markets in the nation.”
New York, San Francisco, Los Angeles, Philadelphia and Minneapolis are expected to be the coldest markets, according to Zillow.
To compile the report, Zillow asked a panel of economists, investment strategists and real estate experts for their predictions about the U.S. housing market in 2021 as well as their expectations for 2021 home value growth in 20 large markets.
This is the third real estate company that expects Tampa to be busy this year. An earlier Redfin report highlighted Tampa as a hot market for 2021, citing its affordability. A separate report from Realtor.com expects the Tampa metro to be among the top areas for both year-over-year price growth and sales growth.
All these reports also expect Tampa to be a competitive housing market for 2021, with multiple buyers vying for homes. In December 2020, almost 50 percent of Tampa homes sold on Redfin saw bidding wars. That rate may increase in 2021.