Florida Housing-Market Update – April 23 2025
Florida’s spring market looks dramatically different from the frenzied pandemic years. Statewide inventory is rising fast, prices have flattened, and lawmakers in Tallahassee just advanced a bill that could upend industry regulation. Below are the key stats and storylines every buyer, seller and fellow agent should know.
1. Inventory up, prices holding steady
- Active single-family listings: 17,698 in February (-7 % y/y)
- Months’ supply: 5.3 (first “balanced” reading since 2019)
- Median single-family price: $415,000 (flat y/y)
- Median condo price: $315,000 (-3.1 % y/y)
- Condo months’ supply: 9.7 – a clear buyers’ market
2. Record listings signal cooling demand
Realtor.com logged 168,717 Florida properties for sale in February – the most since tracking began and a 40 % jump versus 2024. Bradenton, Sarasota and St. Petersburg each posted triple-digit inventory gains, giving buyers room to negotiate.
3. Zillow knocks Tampa Bay out of the top 10
Zillow’s 2025 “Hottest Markets” list shows Tampa Bay plunging 19 spots to No. 29, while Orlando fell to 23 and Jacksonville to 40. Miami bucked the trend, rising to 15.
4. Price-risk flashing yellow
CoreLogic’s March U.S. Home Price Insights pegs Florida among the states with the highest probability (>10 %) of price declines in the next 12 months as affordability and insurance costs bite.
5. Industry shake-up? Bill would abolish FREC
House Bill 1461, padded with a 389-page amendment on April 7, would fold the Florida Real Estate Commission into DBPR. It passed its second committee April 15 and now heads for one final hearing. Florida Realtors is rallying opposition. :
6. What today’s market means for you
“Buyers finally have leverage again – expect concessions and rate buydowns,” says eXp Realty CEO Leo Pareja, who forecasts a modest sales uptick if rates drift below 6.5 %.
Takeaways
| Segment | Who has the edge? | Strategy tip |
|---|---|---|
| Single-family (5.3 mo. supply) | Neutral | Price accurately; consider 2-1 buydown offers. |
| Condo-townhouse (9.7 mo.) | Buyers | Negotiate HOA credits & inspection repairs. |
| Luxury coastal | Softening | Insurance quotes matter more than ever. |
| New-construction | Buyers | Builders are offering closing-cost help & design credits. |
7. Need hyper-local stats?
Pinellas and Tampa Bay numbers diverge from statewide averages. Reach out for a SunStats deep-dive or a free pricing analysis on your property.
Questions?
Call or text The Price Group Realtors @ Coldwell Banker 727-458-4537 for tailored advice before you list or buy.