The Florida real estate market is experiencing a decline in home prices, with a 4% decrease year-over-year—the largest since October 2011. The median home price in April 2025 was $412,734, and the trend continues with a median list price of $439,999. Inventory is rising, up 34% from the previous year, but new listings are steady. Factors contributing to the decline include hyperinflation during the pandemic and higher home insurance costs. The market favors buyers due to increased options and incentives from builders.
Inventory is always one of the first places to look whenever you consider how housing supply and demand are interacting and what that means for home prices-whether they're likely to climb or drop.
Florida had a 34% increase in active listings compared to last year, which means that there are more home sellers now and more options for potential homebuyers to choose from.
In Florida, it's a buyer's market and resales are competing with a lot of new-construction or newer homes in certain price points, which makes it harder.
Builders are able to offer aggressive incentives-such as buying down the interest rate, or offering money off the price or toward closing costs-to make buying the home more affordable.
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