South Florida’s once red-hot housing market is experiencing a dramatic reversal as active home listings have nearly quadrupled since 2022, reaching their highest level in almost a decade, according to recent real estate data.
The surge in available properties signals what analysts describe as a market correction driven by rising costs, departing residents, and declining affordability in what may become a multi-year housing downturn across the Sunshine State.
Inventory Surge Signals Market Shift
There were nearly 52,000 active home listings across South Florida’s tricounty area in April, a stunning increase from just 12,825 listings in 2022 during the height of the pandemic migration boom, according to Newsweek, citing data from real estate analytics tool Reventure.
This fourfold increase in available homes reflects a dramatic shift in the region’s housing dynamics as the post-pandemic influx of new residents has tapered off, leading to substantially reduced demand for properties…