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a { color: #880000 !important; background: #ffeeee !important; } Latest News from NourishThe Nourish Mission (formerly OneSub)Search Nourish (formerly Charlie)What are the current trends in Florida's housing market?

As of March 2025, Florida's housing market is undergoing significant changes, marked by an increase in inventory and a shift towards a buyer-friendly environment. With home sales slowing and prices being adjusted, many potential buyers are left wondering what this means for their homebuying journey. Below, we address common questions about the current state of Florida's housing market and what to expect in the near future.

The 5 top questions…

What are the current trends in Florida's housing market?

Florida's housing market is currently experiencing a notable increase in inventory, with a 40% surge year-over-year. This shift is creating a more favorable environment for buyers, as many sellers are reducing prices due to rising unsold homes. Experts suggest that while home sales are softening, the increased inventory could lead to better opportunities for buyers in the coming months.

How is the increase in inventory affecting home prices?

The rise in housing inventory is contributing to a decrease in home prices across Florida. With more homes available for sale, sellers are compelled to lower their prices to attract buyers. This trend is particularly evident in the bottom third of the market, which has seen a staggering 124% price increase since 2015, but is now facing adjustments as competition increases.

What should buyers expect in the upcoming spring homebuying season?

As we approach the spring homebuying season, buyers can expect a more competitive market due to the increased inventory. While high mortgage rates and economic pressures remain, the current buyer-friendly environment may provide opportunities for those looking to purchase homes. Experts advise buyers to stay informed and be prepared to act quickly as favorable listings become available.

Are there any economic factors influencing Florida's housing market?

Yes, several economic factors are influencing Florida's housing market. High mortgage rates are a significant concern, making it more challenging for buyers to secure financing. Additionally, ongoing economic pressures, including rising costs and a competitive rental market, are pushing potential buyers to consider homeownership more seriously, despite the current market challenges.

What legislative efforts are underway to address housing affordability in Florida?

In response to the rising costs and affordability issues in Florida's housing market, legislative efforts are being initiated to tackle these challenges. Policymakers are exploring various strategies to improve housing affordability, which may include incentives for developers, increased funding for affordable housing projects, and measures to stabilize the market. These efforts aim to create a more balanced housing landscape for residents.

Florida Housing Market Faces Inventory Surge

Rising prices, plua a shortage of affordable homes, put homeownership out of reach for many, driving them to rent.

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