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.
"We've actually found, in some cases, we've gone above what we needed to [and cut home prices too much in Florida]. So, in order to optimize those assets, we're now increasing [the] price," McGibney said.
"We're really happy with what we saw out of Florida," PulteGroup President and CEO Ryan Marshall told investors on a call last month. "We get buyers from all over the country, all over the world that come into Florida. We also see a healthy mix of folks moving within Florida as well."
Governor Desantis expressed concerns over housing law impacts on affordability, highlighting the potential strain on residents' ability to stay in their units amid rising inventory and falling prices.
