The surge for the sales stock transforms Florida into a buyer market

Active listings landed at 92:437 p.m. at the end of January, which was 19.4% compared to the previous year. Redfin Agents in the state say that it is now a buyer market on which seller has to make concessions to bring buyers to the table. However, the mortgage interests that remain persistent prevent many buyers from coming into the market.

“Bidder wars are very rare these days,” said Agent Bryan Carnaggio, based in Jacksonville, in an explanation. “With these many houses for sale, a house must basically look like it is not in a magazine – and even being fair – to get several offers.”

Redfin attributes the increase in the inventory to several factors. Homebuilding rose in Florida, which led to additional care. Natural disasters like Hurricane Milton have led to the house insurance tariffs climbing, and many homeowners left the state.

The condominium market has also contributed because many owners want to sell due to increasing HOA fees. These fees have increased due to the regulation in connection with structural concerns after the collapse of the surfside apartment in 2021.

Eight of the metropolitan markets in Florida have active offers. You are Cape Coral, Deltona-Daytona Beach, Homosassa Springs, Lakeland, North Port-Sarasota, Ocala, Port St. Lucie and the villages.

Palatka (34.3%), Wauchula (32.8%) and Naples (28.6%) have the highest increase in active lists compared to the previous year. The most important markets of Fort Lauderdale (27.2%), Orlando (24.5%), Miami (23.4%), Tampa (17.3%), Jacksonville (15.7%) and Key West (12.6%) are also increased.