- Inventory Hits Record Highs
As of January 2025, Florida had a record 172,209 homes for sale, the highest in Redfin’s data going back to 2012 .
With 3.7 months of housing supply, this marked the strongest buyer’s market in six years—buyers now have more time and options .
- Widespread Market Cooling Across Florida
Miami-Dade County inventory surged by 43.3% year-over-year in April .
Other major metros like Tampa–St. Petersburg–Clearwater (28% increase), Orlando–Kissimmee–Sanford (34%), Cape Coral–Fort Myers (30%), Jacksonville, Lakeland, and Deltona–Daytona Beach all hit multi-year highs in active listings during June .
Sellers are reacting: homes are staying on the market longer (68–95 days), inventory is swelling, and some are pulling listings entirely .
- Prices Cooling
The median sale price for single-family homes slipped from $427K in June 2024 to $412K in June 2025, a 3.5% drop .
This indicates a shift from rapid price appreciation to softening values—helpful for buyers, but concerning for sellers.
- Why Florida Shifted Toward Buyers
Oversupply: Surge of new and active listings (thanks to increased construction and existing home listings).
Affordability Challenges: Rising insurance, taxes, HOA fees, and elevated mortgages are pushing buyer demand downward .
Sellers Pull Back: Many are delisting instead of cutting prices further, signaling reluctance to adjust to market reality .