While uncertainty in the Florida real estate market is on the rise, home prices are starting to fall.
Though overall list rates remain about 50% higher than pre-pandemic levels, the numbers for April 2025 showed a significant downward trend, with the median home price statewide coming in at $412,734. In May, there was a slightly smaller decrease, at -2.2% year over year, but prices are still trending lower with a median list price in Florida of $439,999.
According to Brad O’Connor, Florida Realtors® chief economist, that 4% drop is the largest year-over-year percentage decline observed for Florida single-family home prices going all the way back to October 2011—so it’s worthy of attention…