The housing market in Florida, once known for its red-hot seller’s market, is now experiencing a shift towards a buyer’s market, with major metros such as Miami, Orlando, Jacksonville, and Tampa moving into buyer-friendly territory. This change reflects a slowdown in population growth and an increase in housing inventory, according to new Realtor.com data. As a result, homes are staying on the market longer, sellers are more open to price reductions, and Florida leads the nation in terms of active listings.
FULL STORY: Sunshine State Sweep: All 4 Major Florida Housing Markets Favor Buyers—Here’s What That Means
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Key Takeaways
- Florida’s housing market, previously dominated by sellers, is now favoring buyers due to increased inventory and longer time on the market.
- Florida has the highest number of active listings in the country, comprising about 15% of all homes for sale nationwide.
- Major cities in Florida like Miami,…