What’s Happening in the Florida Housing Market?

If you’ve been wondering about the Florida housing market lately, let’s look into the details! The market has shifted significantly, and it’s creating a lot of buzz for buyers and sellers alike.

Recently, I’ve been getting calls from home sellers who are frustrated with their condos or homes not selling fast enough. They’re worried about the lack of showings, extended time on the market, and more. While it’s tempting to point fingers at their current Realtor, the reality is often not the Realtor's fault at all.

The Florida housing market has transitioned into a balanced market. This means neither buyers nor sellers have an extreme advantage, although I’d argue it’s leaning slightly in favor of buyers right now. With post-hurricane uneasiness, rising interest rates the dynamics have shifted—but this also presents opportunities.

For buyers, this is a golden opportunity to break into the market! More sellers are now willing to offer repairs, rate buydowns, and even help with closing costs—something that was nearly unheard of just a couple of years ago. Additionally, with more price reductions happening than new inventory hitting the market, buyers have more room to negotiate and find a deal that works for them.

Sellers, this isn’t the market of a few years ago. Gone are the days when buyers lined up down the block to view your home. However, this doesn’t mean you can’t sell successfully. It’s important to set proper expectations, as slower foot traffic and price reductions are the new normal. The good news is that buyers in today’s market are more serious, as they now have the time to make more thoughtful decisions. 

While it’s true the market has slowed, it’s still a fantastic time to act—whether you’re buying or selling. Buyers have negotiating power and more options, while sellers can capitalize on the lack of inventory if they approach the process strategically.

If you’re wondering what’s next, let’s talk about predictions! While I don’t have a crystal ball, I’m optimistic about the opportunities that lie ahead. Whether you’re considering buying or selling, let’s make a plan that fits your goals.

Ready to talk more about the Florida housing market or my predictions for 2025? Reach out anytime!

📲 Phone: 727-204-5001
🌐 Website: www.suncoasthome.com

This could be your moment to make a move! Let’s connect today.

Keyvan Kohan

Broker/Associate