Florida’s real estate market shows signs of cooling. Median home prices in some metro areas experienced slight decreases year-over-year in recent months (cite specific examples if possible). Inventory levels are rising, giving buyers more options. Interest rates remain elevated, impacting affordability. Sales volume is down compared to the peak of the market in 2022. Experts suggest buyers have increased negotiation power, while sellers may need to adjust expectations. Demand remains relatively strong in specific areas due to continued population growth, but the overall market is transitioning towards a more balanced state.