Florida’s Housing Market: Inventory Up, Median Prices Easing in February In February, Florida’s housing market reported more inventory (active listings) and moderating median sales prices compared to a year ago, according to Florida Realtors®’ latest housing data. “Florida’s single-family housing market appears to be reaching equilibrium, with for-sale inventory continuing to rise, median prices remaining relatively flat and mortgage interest rates moderating,” said 2025 Florida Realtors® President Tim Weisheyer, broker-owner, Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida. “These trends indicate market conditions for single-family existing homes are becoming more balanced between sellers and buyers, which should help ease affordability constraints. “On the other hand, ongoing trends in the Florida’s condo-townhouse market, including a 9.7-months’ supply of inventory, show that it’s a buyer’s market, at least at the statewide level. With conditions varying by local markets, the expertise and knowledge that a local Realtor brings to the table is a priceless resource for consumers.” Closed sales of single-family homes statewide last month totaled 17,698, down 7% from the February 2024 level, while existing condo-townhouse sales totaled 6,503, down 13% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Closed sales may occur from 30- to 90-plus days after sales contracts are written. The statewide median sales price for single-family existing homes in February was $415,000, the same level as the previous year; for condo-townhouse units, it was $315,000, down 3.1% compared to February 2024. The median is the midpoint; half the homes sold for more, half for less. “Over the past three years, the number of single-family homes coming onto the market each month has generally exceeded the number of homes either selling or being withdrawn from the market each month,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “That means that the number of active listings for sale as of the end of each month – what we call active inventory – has generally been on the rise. With new listings still higher than recent levels and sales trending below recent levels, we should expect that trend to continue into the spring buying season here in Florida. He noted that rising inventory is usually a sign that the advantage in the market is shifting away from sellers and more towards buyers, while months’ supply can also be an indicator. “For February, we reported a 5.3-months of supply for single-family homes, which roughly means the existing inventory at the end of February would be sold in 5.3 months at the 12-month rate of sales,” O’Connor said. “There’s an old rule of thumb that balanced markets that favor neither sellers nor buyers are typically found between five and six months of supply. In truth, the level of months’ supply where you’ll find a balance varies across local markets; but at the statewide level at least, single-family home inventory is currently within the 5- to 6-month band for months’ supply, suggesting that we have moved out of seller’s market territory and into relative balance.” Statewide inventory last month was higher than a year ago for both existing single-family homes, increasing by 31.6%, and for condo-townhouse units, up 36%. Meanwhile, the supply of single-family existing homes was at a 5.3-months’ supply while existing condo-townhouse properties were at a 9.7-months’ supply last month. O’Connor added, “Looking at months’ supply for condos and townhouses, it’s pretty clear we are in a buyer’s market, at least at the statewide level, with 9.7-months of supply. Buyers have gained an advantage here, and sellers increasingly will have to concede on price if they want to move their properties. Evidence shows this has been happening over the last seven to eight months, including in February, when the median price for this category was down over 3% compared to a year ago, falling to $315,000.” February market data reports · Single-family data detail ·  Single-family summary ·  Condo data detail ·  Condo summary ·  MSA summary Contact me today for the SunStats the Most Powerful Real Estate Market Research for the location your interested in.

Florida’s Housing Market: New Listings, Inventory Rise in January Florida’s housing market started 2025 with more new listings and increased inventory (active listings) in January compared to a year ago, according to Florida Realtors®’ latest housing data. “Overall, home sales are still being affected by the combination of mortgage rates, home prices and median incomes,” said 2025 Florida Realtors® President Tim Weisheyer, broker-owner, Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida. “However, the prior constraints on inventory continue to ease as the increase in new listings and increased for-sale inventory across the state offer more opportunities for many homebuyers who have been waiting on the sidelines. “To understand their local market conditions, buyers – and sellers – can turn to a local Realtor® for expert guidance and peace of mind.” Closed sales of single-family homes statewide last month totaled 15,384, up 3.6% from the January 2024 level, while existing condo-townhouse sales totaled 5,787, down 3.7% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Closed sales may occur from 30- to 90-plus days after sales contracts are written. In January, the statewide median sales price for single-family existing homes was $410,000, up 1.2% from the previous year; for condo-townhouse units, it was $312,500, down 2.3% compared to January 2024. The median is the midpoint; half the homes sold for more, half for less. “The arrival of a new year usually brings with it a revival in the rate of homes being listed for sale, and that was certainly the case this January.,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “Over 35,500 single-family homes were listed for sale in Florida in January, which is the most we’ve seen in any month since July 2022. The closest we got last year was in April, when we had roughly 34,300 new listings. On a year-over-year basis, new listings of single-family homes were up 15.4%. “Year-over-year growth in new listings of condos and townhouses was a little more muted in January, coming in at 6.7%. But this belies the fact that these 18,865 new listings broke the record for the most condo and townhouse new listings we’ve ever had in a single month – at least as far back as January 2008 when we started tracking them. Statewide inventory in January was higher than a year ago for both existing single-family homes, increasing by 31.3%, and for condo-townhouse units, up 39.3%. O’Connor noted, “With growth in new listings continuing to outpace sales, inventory levels were up again in January. We’ll want to watch inventory levels as we traverse the spring buying season to see if they keep rising. If they do, then perhaps some sellers holding out for higher offers will see their resolve weaken enough to let their homes go. At the same time, though, some sellers may just decide to de-list their properties for the time being, which would be a moderating factor in inventory growth.” The supply of single-family existing homes was at a 5.1-months’ supply while existing condo-townhouse properties were at a 9.1-months’ supply last month. January 2025 market data reports, Click on the following links for more information. Single-family data detail Single-family summary Condo data detail Condo summary MSA summary Contact me today for the SunStats the Most Powerful Real Estate Market Research for the location your interested in. February 2025 Florida Housing Market Report

Florida’s 2024 Housing Market: New Listings, Active Inventory Up, Prices Stabilizing As 2024 ended, Florida’s housing market continued to show more new listings for single-family homes and for condo-townhouse properties, increased for-sale inventory in both property categories and stabilizing median prices for single-family existing homes as well as condo-townhouse units, according to the latest housing data released by Florida Realtors®. Year End 2024 “Overall, the 2024 Florida housing market saw mostly modest declines in sales and little change in the way of home prices,” said Florida Realtors Chief Economist Dr. Brad O’Connor. “Even though there were some fluctuations in mortgage rates, they remained in the high range relative to recent years. The most significant changes occurring in 2024 were the widening performance gap between the single-family market and the condo and townhouse market and the overall rise in inventory levels.” Statewide closed sales of existing single-family homes at the end of the year totaled 252,688, down 1.9% compared to the 2023 year-end level, according to data from Florida Realtors’ research department in partnership with local Realtor boards/associations. For existing condo-townhouses, a total of 94,380 units sold statewide in 2023, down 10.5% compared to 2023. Closed sales may occur from 30- to 90-plus days after sales contracts are written. O’Connor noted that December’s closed sales for single-family homes helped boost the end-of-year transactions. “That strong performance put us at nearly 253,000 statewide single-family closed sales for the year overall, which is just less than 2% below 2023’s total of nearly 258,000 sales, but also the fewest annual sales we’ve seen since 2014,” he said. “There was little variation across the state in 2024, as most counties only saw small year-over-year declines.” Looking at condo-townhouse closed sales for 2024, O’Connor said, “Multiple factors were responsible for the underperformance of this category throughout the year, including concerns about insurance coverage and reserve requirement compliance giving some prospective buyers cold feet. The result was the lowest number of condo and townhouse sales we’ve seen for any year in Florida since 2010.” The statewide median sales price for single-family existing homes at year’s end was $420,000, up 2.4% from the previous year. The statewide median price for condo-townhouse properties at the end of the year was $320,000, down slightly (0.8%) from the previous year. The median is the midpoint; half the homes sold for more, half for less. Florida Realtors’ data showed that at the end of 2024, in December 2024 and also in 4Q 2024, inventory (active listings) for single-family homes stood at a 4.7-months’ supply, while inventory for condo-townhouse properties was at an 8.2-months’ supply. O’Connor pointed out, “If we go by the general rule of thumb that five to six months of supply is a balanced market, single-family homes are just barely still in a seller’s market, while condos and townhouses are now firmly in buyer’s market territory.” December 2024 In December, closed sales of single-family homes statewide totaled 20,784, up 12.8% from December 2023, while existing condo-townhouse sales totaled 7,169, down only 0.5% year-over-year, according to Florida Realtors’ data. The statewide median sales price for single-family existing homes was $415,000, up 1.2% from the previous year. Meanwhile, the statewide median price for condo-townhouse units was $315,000, down 4.5% over the year-ago figure. 4Q 2024 Statewide closed sales of existing single-family homes totaled 56,496 in 4Q 2024, up slightly (1.1%) compared to the previous-year figure, according to Florida Realtors’ data. The statewide median sales price for existing single-family homes for the quarter was $415,000, up 1% from 4Q 2023. Looking at Florida’s year-to-year comparison for sales of condo-townhouses in 4Q 2024, a total of 19,670 units sold statewide, down 12.3% from the same quarter in 2023. The statewide median price for condo-townhouse properties for the quarter was $315,000, down 3.1% over the previous year. According to O’Connor, the dollar volume of sales remained strong in 2024, even though elevated prices impacted closed transactions. “In fact, the annual dollar volume of single-family home sales in Florida actually increased by 2.5% in 2024, rising to approximately $152 billion,” he said. “If we adjust for inflation using the Consumer Price Index published by the Bureau of Labor Statistics in December, dollar volume in this category fell in real terms, but only by 0.5%. “By contrast, the nominal dollar volume of sales for condos and townhouses in 2024 fell by over 9% to roughly $45 billion. After adjusting for inflation, this decline was closer to 12%. Still, even with inflation factored in, dollar volume in this category was higher than in 2020 and every year before that in the current housing cycle.” Click on the following links for more information Year End 2024 market data reports Single-family data detail Single-family summary Condo data detail Condo summary MSA summary 4Q 2024 market data reports Single-family data detail Single-family summary Condo data detail Condo summary MSA summary December 2024 market data reports Single-family data detail Single-family summary Condo data detail Condo summary MSA summary Contact me today for the SunStats the Most Powerful Real Estate Market Research for the location your interested in. January 2025 Housing Market Report

Florida’s Housing Market: New Listings, Inventory Rise in November 2024 In November, Florida’s housing market had more new listings and higher inventory levels (active listings) compared to a year ago, while statewide median sales prices continued to ease, according to Florida Realtors®’ latest housing data. “Homebuyers who have been waiting on the sidelines are seeing more opportunities now and more for-sale options available,” said 2024 Florida Realtors President Gia Arvin, broker-owner with Matchmaker Realty in Gainesville. “New listings were up 7.2% for existing single-family homes year-over-year while new listings for condo-townhouse units were up 5.4% – this is encouraging news for buyers. Home prices are easing, and it appears mortgage interest rates continue to hover at levels lower than they were a year ago, which increases affordability.” Last month, closed sales of existing single-family homes statewide totaled 17,095, down 3.5% year-over-year; existing condo-townhouse sales totaled 6,002, down 15.6% over November 2023, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. The statewide median sales price for single-family existing homes in November was $410,700, down 0.6% from $413,000 one year earlier. For condo-townhouse units, the median price was $311,000, down 5.8% from $330,000 in November 2023. The median is the midpoint; half the homes sold for more, half for less. According to Florida Realtors Chief Economist Dr. Brad O’Connor, “The story for November is the post-hurricane rebound for new listings and new pending sales. New pending sales were up strongly year-over-year for single-family homes (+12.6%), after falling by 8% in October. That increase, 12.6%, is the most year-over-year growth we’ve seen since April 2021, which was +64% at that time, because we were comparing it to early in the pandemic in April 2020.” “However, on a cautionary note, I think this is mostly a post-hurricane rebound, with market activity that would otherwise have occurred in October being pushed into November,” he said. “But if there’s real momentum here, it may show up in the December figures.” On the supply side of the market, Florida had a 4.8-month supply of single-family existing homes last month, up 29.7% year-over-year. For condo-townhouse units, the state had an 8.2-month supply in November, up 64% year-over-year. Novemberr 2024 market data reports. Click on the following links for more information. Single-family data detail Single-family summary Hillsborough County Stats Pasco County Stats Condo data detail Condo summary MSA summary Contact me today for the SunStats the Most Powerful Real Estate Market Research for the location your interested in. December 2024 Year End Housing Market Report

Florida’s Housing Market: Inventory Shows Gains, Prices Ease in October 2024 Florida’s housing market in October reported higher inventory levels (active listings) and easing statewide median prices compared to a year ago, according to Florida Realtors®’ latest housing data. “With more inventory available now and home price increases slowing, it’s a positive sign for homebuyers, who are seeing more opportunities to enter the market,” said 2024 Florida Realtors President Gia Arvin, broker-owner with Matchmaker Realty in Gainesville. “Mortgage interest rates are lower than they were a year ago, too, which helps boost affordability.” Last month, closed sales of existing single-family homes statewide totaled 18,671, down 5.6% year-over-year; existing condo-townhouse sales totaled 6,499, down 19.9% over October 2023, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. The statewide median sales price for single-family existing homes in October was $415,000, up 1.2% from $410,000 one year earlier. For condo-townhouse units, the median price was $315,000, down 2.2% from $321,990 in October 2023. The median is the midpoint; half the homes sold for more, half for less. According to Florida Realtors Chief Economist Dr. Brad O’Connor, Hurricane Milton caused significant coastal damage in Florida, from Tampa Bay down well to the south along the Gulf Coast. While inland areas were spared from catastrophic winds due to Milton’s weakening ahead of making landfall on Oct. 9, the storm still caused widespread power outages throughout the western I-4 corridor, including in the Orlando area. “Along with a renewed strengthening of the mortgage rate lock-in effect, Hurricanes Milton and Helene likely had a bigger impact on new listings of homes for sale in October,” O’Connor said. “New listings of single-family homes fell by 10.3% year-over-year but were still up 9.5% for the year to date. Meanwhile, new listings of townhouses and condos, were down 9.5% compared to a year ago, but were up 12% for the year. “While the rate of new listings coming onto the market was already slowing ahead of the storms, the year-over-year declines in October were a sizeable jump – and very likely, related to the unique pattern of events that unfolded throughout the month.” On the supply side of the market, Florida had a 4.7-month supply of single-family existing homes last month, up 34.3% year-over-year. For condo-townhouse units, the state had a 7.7-month supply in October, up 67.4% year-over-year. October 2024 market data reports. Click on the following links for more information. Single-family data detail Single-family summary Condo data detail Condo summary MSA summary Contact me today for the SunStats the Most Powerful Real Estate Market Research for the location your interested in. November 2024 Market Report