"HW Data for the week of Oct. 3 shows California's median list price at $775,000 with inventory of 57,048 homes and a market action index of 37.3. Florida's median list price is $484,000 with inventory of 97,525 homes and a market action index of 30.3. Price reductions reached 36 percent of active listings in California and 44 percent in Florida."
"California supply remains lean relative to demand California's active inventory trails Florida's larger pool by a wide margin. Even so, an index reading in the high 30s points to a market that is closer to balance. Sellers are adjusting to competition, and more than one in three listings took a reduction in the latest seven day period. As a result, buyers have options while well priced homes continue to draw attention."
"Florida enters the fall with a significantly bigger base of active listings than California. By contrast, the state's index near 30 signals softer conditions. Nearly half of listings recorded a price decrease in the latest reading. Consequently, list price strategy matters more, and faster adjustments are often required to meet demand. Lower statewide prices compared with California can attract interest, yet the higher share of reductions shows sellers are working to align with active buyers."
California's median list price is $775,000 with 57,048 active homes and a Market Action Index of 37.3. Florida's median list price is $484,000 with 97,525 active homes and an index of 30.3. Price reductions affected 36% of California listings and 44% of Florida listings in the latest seven-day period. California's supply remains relatively lean and its index suggests a market nearer to balance, prompting measured seller adjustments. Florida's much larger inventory and lower index indicate softer conditions, requiring faster list-price strategy changes and yielding a higher share of discounts. Weekly new-listing and absorption trends will show seasonal shifts.
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