Florida’s housing market is cooling as a record-setting number of homes were listed for sale in February.
According to Realtor.com, 168,717 properties went on the market in February, the highest number the site has recorded since it started keeping track in 2016.
The total number of properties for sale in Florida jumped by 40% since February 2024, Realtor.com found. In some cities, there are more than double the number of listings compared to last year. Only seven cities out of the 252 Realtor.com tracked had fewer listings this year than last.
Economists and other housing-market experts use increases in inventory to identify areas where demand and competition for houses might be waning. There, homebuyers might start to have an edge over home sellers. Increased inventory is also an indicator that home prices could fall.
Even though Palm Beach real estate is experiencing what some brokers call a “Trump bump,” with expensive properties changing hands, other parts of the state are getting cheaper.
“Home shoppers in Bradenton and Sarasota are in for a treat with climbing inventory, falling prices, and longer time on market,” Realtor.com senior economic research analyst Hannah Jones said in the report. “Buyers are likely to find more seller flexibility as homeowners aim to attract buyer attention.”
Because the pandemic housing boom led to record-low levels of inventory nationwide, more homes for sale can sometimes signal a return to normal rather than a housing-market decline. In some parts of Florida, however, the influx of homes on the market and other forces are already having an effect on property values.
Take Greenacres, Florida, an enclave 10 miles southwest of West Palm Beach. In January 2025, the median listing price was $259,950, 13% less than in January 2024.
Other factors are weighing on the Florida housing market, including relatively higher mortgage rates that stifle homebuyer demand, intensifying property damage from natural disasters, and rising homeowners’ association, or HOA, fees.
Here are 17 Florida cities with the biggest increases in homes for sale year-over-year, according to data from Realtor.com. Homebuyers and investors may want to eye these spots for better deals and more negotiating power.
The Realtor.com data about homes on the market is from February 2025, while the median listing prices are from January, the most recent month available.
17. The Villages
Properties on the market: 594
Increase in homes for sale year-over-year: 76.5%
Median listing price: $389,250
16. Oldsmar
Properties on the market: 144
Increase in homes for sale year-over-year: 76.7%
Median listing price: $379,450
15. Tequesta
Properties on the market: 111
Increase in homes for sale year-over-year: 76.8%
Median listing price: $749,000
14. Greenacres
Properties on the market: 331
Increase in homes for sale year-over-year: 78.9%
Median listing price: $259,950
13. Fort Myers Beach
Properties on the market: 508
Increase in homes for sale year-over-year: 83.1%
Median listing price: $799,999
12. St. Augustine
Properties on the market: 1,596
Increase in homes for sale year-over-year: 84.2%
Median listing price: $612,000
11. Tavares
Properties on the market: 152
Increase in homes for sale year-over-year: 92.40%
Median listing price: $359,000
10. Harmony
Properties on the market: 121
Increase in homes for sale year-over-year: 100.00%
Median listing price: $364,500
9. Royal Palm Beach
Properties on the market: 218
Increase in homes for sale year-over-year: 100.00%
Median listing price: $479,950
8. Ave Maria
Properties on the market: 218
Increase in homes for sale year-over-year: 106.60%
Median listing price: $474,900
7. St. Johns
Properties on the market: 269
Increase in homes for sale year-over-year: 115.70%
Median listing price: $575,000
6. St. James City
Properties on the market: 123
Increase in homes for sale year-over-year: 115.80%
Median listing price: $599,900
5. Dania Beach
Properties on the market: 168
Increase in homes for sale year-over-year: 118.20%
Median listing price: $409,900
4. Miami Gardens
Properties on the market: 309
Increase in homes for sale year-over-year: 120.70%
Median listing price: $499,999
3. Pace
Properties on the market: 178
Increase in homes for sale year-over-year: 128.20%
Median listing price: $349,000
2. Citrus Springs
Properties on the market: 298
Increase in homes for sale year-over-year: 136.50%
Median listing price: $284,990
1. St. Petersburg
Properties on the market: 2,141
Increase in homes for sale year-over-year: 164.1%
Median listing price: $440,000
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