Insight
Statewide pending sales increased by 9.8% year-over-year.
As Florida’s housing market finds its footing, sellers still face pricing realities
Summary
Florida's housing market is stabilizing, with rising pending sales and flattening inventory, but sellers face pricing challenges. Median home list prices are at $495,000, and price cuts are common. High interest rates and insurance costs are impacting affordability, while migration to Florida continues, signaling potential growth for the STR market.
Key takeaway