"As of Oct. 3, 44% of active single-family listings in the state show a price cut, according to HW Data. The median markdown is 4%, reflecting seller efforts to meet buyers in a slower, higher-cost market. Florida has 97,525 active listings, equal to a 3.5-month supply at the current sales pace. The median list price is $484,000, with new listings entering at a lower $449,000 median."
"On a per-square-foot basis, Florida homes are priced at a median of $252, well above the national $215. This premium highlights Florida's ongoing demand in coastal and metro areas, even as affordability pressures weigh on buyers statewide. Homes are lingering longer. The median days on market is 98, compared with 70 nationally. The average listing age is 138 days, underscoring slower turnover and the need for seller concessions in the current housing market."
"There are 28,009 homes under contract, with a median pending price of $425,000. Contracts are closing in an average of 33 days, showing that when pricing aligns, buyers act decisively. Still, affordability challenges at higher price points are leading many sellers to adjust expectations. Lower-priced homes continue to attract the most activity, reflecting steady buyer interest in Florida's entry-level segments."
Florida sellers are cutting prices to compete as market slows, with 44% of active single-family listings showing a price cut and a median markdown of 4%. The state has 97,525 active listings, equal to a 3.5-month supply, and a median list price of $484,000; new listings enter at a $449,000 median. Median price per square foot is $252 versus $215 nationally, reflecting coastal and metro demand amid statewide affordability pressures. Median days on market are 98 and average listing age is 138 days, prompting concessions. There are 28,009 homes pending with a median pending price of $425,000; contracts close in about 33 days when priced correctly, while lower-priced homes attract the most activity.
Read at www.housingwire.com
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