Report: As the Tampa Bay housing market rebalances, competition is shifting toward lower-priced homes

As homebuying demand cools from the record pace of 2021, competition is shifting toward lower-priced homes, a new report finds. The latest report by Zillow (Nasdaq: ZG) shows competition is now strongest for the least expensive homes — a reversal from much of the pandemic. During the pandemic, homebuyers saw most of their competition from others looking to purchase middle- and top-tier residences. The annual deficit in for-sale inventory dipped the most in the top two price tiers in 2020 and…Original Article