2025 Real Estate Trends and How they Affect Florida’s Housing Market

2025 Real Estate Trends and How they Affect Florida’s Housing Market

2025 Real Estate Trends indicate that Florida’s housing market may be shifting toward a buyer’s market. This is especially true in certain areas, according to Florida Realtors® Chief Economist Dr. Brad O’Connor.

Single-family homes ended 2024 with 4.7 months of supply - just below a balanced market. Condos and townhouses entered buyer’s market territory with 8.2 months of supply. Inventory rose across the state, with single-family home listings growing 25–35% year-over-year and condo/townhouse listings increasing even more.

Key factors affecting 2025 Real Estate Trends

Several factors weakened demand in 2024, including high mortgage and property insurance rates, hurricane disruptions, and a slowing in migration to and job growth in our area. While December saw strong single-family sales, the annual total of 253,000 sales was down 1.9% from 2023, marking the lowest level since 2014. Condo and townhouse sales dropped 10.5% to 94,000, the lowest since 2010, particularly in coastal areas, while parts of Central Florida saw modest growth. All  of this is reflected in 2025 Real Estate trends.

New listings rose 9.5% for single-family homes and 11% for condos and townhouses, reflecting a return to pre-pandemic levels. Despite new state-mandated reserve requirements for condos, O’Connor noted that the impact is more evident in buyer hesitation rather than a surge in sellers. Median prices for single-family homes remained stable at $420,000 (up 2.4% year-over-year), while condo and townhouse prices ended at $320,000, slightly down 0.8%.

Heading into 2025, Real Estate trends predict that rising inventory and fluctuating interest rates will shape the market, with challenges from 2024 still in play. The widening gap between the single-family market and the condo/townhouse market remains a key trend to watch.

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Please call Barry Frette at 561-880-5587 to discuss 2025 Real Estate Trends and how they affect your plans.

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Barry is a resident of Delray Beach and a Realtor for William Raveis South Florida. He works with buyers and sellers of Luxury Properties & Residential Real Estate with focus on Delray Beach in Palm Beach County. Frette was born and raised in Miami but left in 2004 is now a proud resident of Delray Beach, Florida. He is available 24/7 and goes the extra mile to take care of his clients. For commercial, he specialize in Retail, Office, Industrial and Land Properties. He has a strong network of buyers and sellers, as well as access to the national and local databases. Barry can help you find a site or property to purchase, choose a building or space to lease for your business, market your property to find a tenant, or leverage the Raveis marketing team to help you divest of your property. When assisting residential clients, he relishes developing long-lasting relationships, and takes the time to fulfill the goals of his clients. Whether looking for the perfect home to buy or rent, or when you are selling, Barry takes his time to get the job done efficiently and this will be reflected the first day he begins working with you on your journey. Selling a Real Estate Asset on your own can be an overwhelming task. There's advertising to plan and budget for, private showings to arrange, purchase offers to negotiate, contract contingencies to worry about, and complicated paperwork to fill out. Make it easy on yourself by putting your property in the hands of seasoned professionals. We have extensive experience marketing properties and showing them to their best advantage.

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