New listings for existing homes increased by 5.1% year-over-year in February 2025, although they remain below pre-pandemic levels. This marks the highest February level since 2021, despite a decrease from January's 10.8% rise. Active listings rose by 27.5% year-over-year, continuing a trend of annual inventory growth for 16 months. However, inventory is still down 22.9% compared to typical levels...
New Listings
Single-family median sales prices increased by 3.9% compared to March 2023, with new listings up by 7.7%. Condo-townhouse median prices also rose by 3.1%. Despite more new listings and higher prices, mortgage rates above 6% are challenging buyers in Florida. Continue to full article...