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13 Oct, 2025

Florida’s real estate market is experiencing a shift. Inventory is rising, and price growth is slowing.

* **Inventory:** Increased significantly in many metro areas year-over-year. Some areas have seen inventory doubling or tripling from previous lows.
* **Price Growth:** Decelerating after significant gains in 2021 and 2022. Some markets are seeing price reductions. Median sales prices are still elevated compared to pre-pandemic levels, but the rate of increase has moderated substantially.
* **Interest Rates:** Elevated interest rates impact affordability and buyer demand. High rates are contributing to longer times on the market.
* **Days on Market:** Homes are staying on the market longer than in the recent past, indicating a cooling trend.
* **Sales Volume:** Total sales volume has decreased year-over-year in many areas due to decreased demand.
* **Regional Differences:** Market conditions vary significantly across the state. Coastal areas often differ from inland areas. Demand in certain areas remains robust due to migration patterns.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.

12 Oct, 2025

-Florida’s homeownership rate is around 68%, slightly above the national average.

-Median home price in Florida is approximately $400,000 (fluctuating based on location and market conditions).

-Typical steps include: pre-approval for a mortgage, finding a real estate agent, home search, making an offer, home inspection, appraisal, securing financing, and closing.

-Down payment amounts vary; however, conventional loans often require 5-20% down, while FHA loans may allow as little as 3.5% down.

-Closing costs in Florida typically range from 2-5% of the purchase price.

-Property taxes are a significant consideration; homestead exemption can reduce taxable value.

-Common inspections include: general home, wind mitigation, and sometimes, termite inspections due to Florida’s climate.

-The “as-is” contract is frequently used, requiring buyers to conduct due diligence and potentially accept the property in its current condition.

-Due diligence period allows the buyer time to conduct inspections and assessments.