Most Florida markets we cover are seeing:
- Sales remain below the year-ago frenzy that characterized the pandemic-era housing boom, but most markets experienced a robust, greater-than-seasonal quarterly increase.
- Despite fewer sales, listing inventory has been slow to recover with modest gains, yet remaining at half the levels seen pre-pandemic.
- The supply shortage has continued to provide a firm underpinning for prices. Many markets experienced stable to rising prices, and those that declined tended to experience a shift to a smaller average size.
- Besides firmer pricing, bidding wars remained prevalent, accounting for five to fifteen percent of all sales in many markets analyzed.
- The pace of the market, also known as months of supply, remained slower than the year-ago frenzy but accelerated again in the new year.
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