If you’re thinking of buying a home in the Tampa area, you’re not alone. The Tampa real estate market is booming, thanks to the city’s strong economy and growing population. According to the latest data from the Tampa Bay Partnership, the Tampa metro area is expected to add nearly 1.5 million new residents by 2030. With so many people moving to the area, it’s no surprise that the Tampa housing market is extremely competitive. In fact, homes in the Tampa area are selling faster than ever before. According to the Tampa Bay Times, the median sale price for a home in the Tampa metro area reached a record-high of $225,000 in 2017. If you’re thinking of buying a home in Tampa, it’s important to understand the current market conditions. Here’s a look at the latest data on the Tampa real estate market. Tampa Home Sales Tampa home sales have been on the rise in recent years, thanks to the city’s strong economy and growing population. According to the Tampa Bay Times, the number of homes sold in the Tampa metro area increased by 9.2 percent in 2017. The Tampa real estate market is also becoming increasingly competitive. In fact, homes in the Tampa area are selling faster than ever before. According to the Tampa Bay Times, the median days on market for a home in the Tampa metro area was just 46 days in 2017. Tampa Home Prices Tampa home prices have been on the rise in recent years, thanks to the city’s strong economy and growing population. According to the Tampa Bay Times, the median sale price for a home in the Tampa metro area reached a record-high of $225,000 in 2017. Tampa’s rising home prices are being driven by strong demand from buyers. In fact, the Tampa metro area is currently ranked as the third most popular moving destination in the United States, behind only Seattle and Austin. If you’re thinking of buying a home in Tampa, it’s important to understand the current market conditions. The Tampa real estate market is extremely competitive, and homes are selling quickly. However, Tampa’s rising home prices offer an opportunity for investors to make a profit in the future.