"The housing market in Florida, once known for its red-hot seller's market, is now experiencing a shift towards a buyer's market, with major metros such as Miami, Orlando, Jacksonville, and Tampa moving into buyer-friendly territory. This change reflects a slowdown in population growth and an increase in housing inventory, according to new Realtor.com data. As a result, homes are staying on the market longer, sellers are more open to price reductions, and Florida leads the nation in terms of active listings."
"Florida's housing market, previously dominated by sellers, is now favoring buyers due to increased inventory and longer time on the market. Florida has the highest number of active listings in the country, comprising about 15% of all homes for sale nationwide. Major cities in Florida like Miami, Orlando, Jacksonville, and Tampa are experiencing shifts in the housing market dynamics, with increased inventory and longer selling times."
The Florida housing market has shifted from a seller's market to a buyer's market. Major metros including Miami, Orlando, Jacksonville, and Tampa have become more buyer-friendly. The shift reflects slower population growth and rising housing inventory. Homes are remaining on the market longer and sellers are increasingly willing to reduce prices. Florida now accounts for a large share of active listings nationwide, roughly 15% of homes for sale. Strong job markets and continuing in-migration continue to support housing demand despite the market cooling, giving buyers more negotiating leverage.
Read at SFGATE
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