According to online real estate tracker, Zillow.com, in an annual comparison the average home price in Tampa Bay, Hillsborough County, Florida has dropped 10.2% to $116,900. Since the housing boom in 2005, the average home price in the Tampa real estate market has dropped nearly 46%.

The decline has been expected since the expiration of the Homebuyer Tax Credit over the past spring as well as the continued unemployment. According to Stan Humphries, Chief Economist at Zillow, "The continuing decline in home values has been expected and is what we've been saying is and will be happening until later this year."