Florida’s real estate market is undergoing a significant shift, moving from the rapid growth experienced during the pandemic to a more balanced and, in some areas, cooling environment. Here’s a comprehensive overview:
🏡 Home Prices & Sales Activity
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Median Sale Price: In April 2025, the median sale price in Florida was $411,200, reflecting a 2.9% decrease year-over-year.
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Average Home Value: The average home value stood at $389,400, down 3.2% over the past year.
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Homes Sold: Approximately 32,900 homes were sold in April 2025, marking a 10.9% decrease compared to the same month last year.
📦 Inventory & Market Dynamics
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Active Listings: There were 230,793 homes for sale in April 2025, a 13.8% increase year-over-year.
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New Listings: The number of newly listed homes was 48,444, down 5.0% from the previous year.
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Months of Supply: The market had a 6-month supply of homes, indicating a balanced market.
⏱️ Market Speed & Competitiveness
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Median Days on Market: Homes spent a median of 69 days on the market in April 2025, up from 65 days in March.
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Sale-to-List Price Ratio: The average sale price was 97.0% of the list price, indicating some room for negotiation.
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Homes Sold Above List Price: Approximately 9.4% of homes sold above their list price, suggesting a decrease in bidding wars.
🌆 Regional Highlights
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Miami: The median home price in Miami reached $580,000, a 3.9% year-over-year increase, with inventory levels at a balanced 6-month supply.
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Southwest Florida: In areas like Fort Myers, the median sales price was $435,000, up 1.2% month-over-month, with homes spending an average of 60 days on the market.
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Ocala: The average days on market increased to 86 days in April 2025, up from 69 days the previous year, indicating a slower pace.
🔮 Market Outlook
Florida’s housing market is expected to continue its trend toward stabilization throughout 2025. While some areas may experience slight price adjustments, the overall market is moving toward a more balanced state, offering opportunities for both buyers and sellers.