Florida housing market slows as homes take 98 days to sell

"Florida's single-family housing market revealed a striking disconnect in early November 2025, with homes taking a median 98 days to sell, 21 days longer than the national median of 77 days, even as market conditions shifted decisively in favor of buyers. The state's housing inventory reached 97,224 active listings for the week ending Nov. 1, with 43.9% of sellers cutting prices to attract buyers."

"Florida's months of supply climbed to 3.6, exceeding the national level of 2.9 months and pushing the market into buyer-favorable territory. The state recorded 4,427 new listings during the week while 6,808 homes were absorbed from the market. The median days on market stretched to 98 days, well above the 77-day national median. This extended selling timeline persisted despite aggressive price reductions, with 43.9% of active listings taking cuts, a rate that typically signals sellers competing for limited buyer attention."

"Florida's major cities displayed significant differences in market dynamics. Naples led in median prices at $997,800 with homes sitting 140 days, while Jacksonville offered the most affordable option at $312,574 with a 77-day median. Miami's luxury market commanded $798,000 median prices with 91-day selling times. Orlando and Tampa showed similar patterns, both near $510,000 with 77-day medians. Fort Lauderdale's $839,000 median price came with 112 days on market, while West Palm Beach properties at $725,000 took 105 days to sell."

Florida single-family housing showed a median 98 days on market in early November 2025, 21 days longer than the national median of 77 days. Active inventory reached 97,224 listings for the week ending Nov. 1, with 43.9% of sellers cutting prices. Months of supply rose to 3.6, above the national 2.9 months, shifting conditions toward buyers. The state added 4,427 new listings while 6,808 homes were absorbed during the week. Major metros varied: Naples had the highest median price at $997,800 and the longest 140-day selling time, while Jacksonville was most affordable at $312,574 with a 77-day median. Price-cut rates ranged from 33% in Naples to 54.9% in Tampa.

Read at www.housingwire.com