Florida’s housing market may be in trouble
Housing markets across the country have slowed due to affordability issues caused by record-high home prices and high mortgage rates. High inventory and slow demand is a worrisome scenario, but does it mean Florida’s housing market is doomed. In some areas, like Florida, inventory is rising even as less demand is being met, leading some to believe this could lead to a market crash.
ResiClub analyzed all active listings on Realtor.com through March 2024. Florida had the largest increase in inventory in the country, with 57% more homes for sale year over year.
