Florida housing markets monitored by Douglas Elliman are experiencing an increase in listing inventory, up from historically low levels but still well below previous highs. Most markets experienced a seasonal decline in listing inventory from the prior quarter, absorbed during the spring sales market, as supply typically peaks. The pattern of supply suggests that listing inventory remains within normalized seasonal trends. Elevated mortgage rates continue to restrain non-luxury sales more than luxury sales as the market share of cash buyers remains elevated. Prices showed a stable to rising trend, with many markets approaching or reaching record highs.
