Florida's Housing Markets Experience Cooling Trends

Daniel Kaufman Real Estate Developer

Redfin analysis reveals slowdown in Florida real estate

Florida, once a red-hot destination during the pandemic, now faces cooling housing markets. Six of the nation's fastest-cooling markets are in the Sunshine State. Here's what's happening:

Daniel Kaufman Real Estate Developer, Florida

1. Increased Supply: Western Florida cities like North Port, Tampa, and Cape Coral have seen inventory surge by over 60% in the past year. Houses take longer to sell, prompting roughly 40% of sellers to reduce asking prices.


Daniel Kaufman Real Estate Developer, Orlando, Florida

2. Natural Disasters Impact: Intensifying storms and rising home insurance costs discourage buyers. Coastal properties face risks due to climate change and sea-level rise.



Daniel Kaufman Real Estate Developer, Florida, Construction

3. New Construction: Florida is building more homes than any state except Texas. Increased supply helps moderate prices, but elevated mortgage rates challenge sellers.



Daniel Kaufman Real Estate Developer, Rochester, New York

4. Regional Differences: While Florida cools down, markets in the Northeast remain hot. Rochester, Buffalo (New York), and several New Jersey cities see rising prices and reduced inventory.



Daniel Kaufman Real Estate Developer, Florida

Is Florida still a smart investment? Share your thoughts! 🏠🌴 #RealEstate #FloridaProperty 




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