July 2026 showed a clear split between Tampa’s luxury market and everything else.

What Smith & Associates Reported

Smith & Associates released its July 2026 Tampa Bay Market Report. In later coverage, they cited Redfin data showing:

• Tampa’s median luxury sale price at about $1.64 million for the three months ending in July
• A 15.4% increase from a year earlier
• The second-fastest luxury price growth among large U.S. metros, behind only Miami

Waterstone’s Take

The top of the market is behaving differently from the rest. Buyers relocating for lifestyle are competing for a small number of well-built homes in neighborhoods like Davis Islands.

Market data and reporting: Smith & Associates Real Estate, citing Redfin. Waterstone’s commentary is our own.

Keep Reading

See all five months together in Michael Carrier on South Tampa’s Luxury Market, or take the 3D tour of 308 Caspian St, Waterstone’s award-winning home on Davis Islands.