In September 2024, Florida's real estate market experienced a decline, with single-family home sales dropping by 12.3% and condo and townhouse sales decreasing by 20.7% compared to the previous year. Despite fewer sales, the median price for single-family homes rose to $410,000, while condo prices fell to $314,000. Inventory levels increased, suggesting a potential buyer's market. Areas such as Gainesville and Palm Bay-Melbourne-Titusville are vulnerable due to economic factors and demographic shifts. Local market conditions remain important for buyers and sellers.
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