Florida’s housing market has continued to cool in early November 2025, as longer selling times and rising inventory shifted leverage to buyers. About 44% of listings cut prices, while the median days on market hit 98 which is 21 days longer than U.S. median.
Inventory builds as buyer leverage strengthens
Active listings across Florida reached 97,224 for the week ending November 1, with 4,427 new homes entering the market and 6,808 absorbed or withdrawn. Months of supply rose to 3.6, surpassing the national average of 2.9 months is a clear signal of buyer-favorable conditions.
Despite nearly half of sellers reducing prices, properties still lingered on the market. The slowdown is attributed to cost-related issues and buyer hesitation during higher mortgage rates and economic uncertainty.
Metros show sharp differences in prices and pace
Florida’s biggest housing markets displayed wide variations. Naples held the highest median price at $997,800 with homes taking 140 days to sell but Jacksonville remained the most affordable at $312,574 and 77 days.
Supply levels reveal changes in power structure
Miami posted a $798,000 median and 91-day selling time as Orlando and Tampa lingered near $510,000 with 77-day medians. The most intense price activity occurred in Tampa (54.9%), Orlando (48.7%) and Pensacola (48.6%) but Naples had less reductions at 33%.
Inventory conditions varied widely. Sarasota led with 5.5 months of supply and Kissimmee (5.1) and Cape Coral (4.6) followed in firmly buyer-friendly territory. Orlando and Jacksonville held tighter levels at 2.7 months suggesting a more balanced market.
Prices hold steady amid market slowdowns
“Florida’s median list price held at $480,000 maintaining a $45,000 premium over the national median of $435,000.” The state’s price per square foot averaged $249.4, about 17% higher than the U.S. average.
With homes sitting longer and sellers trimming prices, the Florida market now reflects a decisive shift toward buyer advantage heading into winter.
