Governor Of Florida PANICS As Condo Prices FREEFALL, Supply SOARS

Описание: Governor Of Florida PANICS As Condo Prices FREEFALL, Supply SOARS

Florida’s housing market in November 2025 showed a quiet pivot: closed sales rose year over year (single-family up 3.4% to 17,674; condo-townhouse up 1.6% to 6,099) as new pendings also increased (single-family up 2.7%; condo-townhouse up 5.2%), signaling future closings despite higher inventory. Prices softened modestly statewide as supply expanded (single-family median $410,000, down 0.2%; condo-townhouse median $299,320, down 3.8%), with affordability inching higher as a result. Inventory grew and the market moved toward balance, with statewide months of supply at 4.9 for single-family and 9.4 for condo-townhouse, allowing more negotiation and longer listing times in some areas. In Northeast Florida, affordability improved (regional median $375,000; Home Affordability Index 73) even as regional sales activity softened (1,374 closed, 1,081 pendings) and listings rose to 1,790. County-level pictures varied: Duval remained more balanced (median $330,000, 36 days to contract, 5.1-month supply), St. Johns remained the priciest (median $508,993, 59 days to contract), Putnam stayed notably affordable (median $235,000, affordability index 116), while Nassau and Baker showed mid-range dynamics. Jacksonville’s fundamentals—rental demand near $1,489/month and population growth projected to outpace the national average—support a rental and entry-level ownership tilt, alongside adaptive reuse projects downtown that boost supply without new dirt. Overall, the market’s trajectory hinges on mortgage-rate moves, supply, and gradual income growth, with a still-attractive Florida drawing out-of-state buyers even as affordability remains the binding constraint.

If you'd like to verify the statements or numbers in this video then check out our sources:
Fla.'s Housing Market: More Closed and Pending Sales in November: https://www.prnewswire.com/news-relea...
3 Hottest Real Estate Markets for Rental Property Investing in 2026: https://www.noradarealestate.com/blog...
First Coast home prices see significant drop in November as sales slow - Jacksonville Business Journal: https://www.bizjournals.com/jacksonvi...
Housing affordability continues to improve in Northeast Florida despite Duval, Nassau prices rising slightly: report: https://www.news4jax.com/news/local/2...
Tampa Bay Real Estate News | TBBW: https://tbbwmag.com/tampa-bay-real-es...


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