Reported about 5 hours ago
Florida's housing market, driven by a surge during the pandemic, is experiencing a slowdown, particularly along the southwest coast. With record-high inventory and longer time on the market, home prices are beginning to decline as buyers gain leverage. Concerns over hurricanes, rising costs, and a reduced influx of newcomers are influencing buyer behavior, while many potential buyers are still struggling with affordability. New construction offers opportunities for incentives and better-built homes, yet the overall trend indicates a cooling market.
Source: YAHOO