Homes Are Taking Longer to Sell in US Markets That Once Flourished

https://www.bloomberg.com/news/articles/2025-07-01/homes-now-harder-to-sell-in-florida-us-south-real-estate-markets

6 11 1 year ago

The Florida perspective.

Miami is it's own market, Miami condos doubly so. They are not weathering the insurance crisis well.

Increased inventory in Orlando/Tampa/Ft.Myers is due to new builds. Prices haven't dropped from their skyrocket peak. Rents are double pre-covid.

The steep insurance increases will guarantee that housing costs stay unaffordable for generations. FL locations w/o history of hurricane damage are seeing rate increases like they live on the coast. But that's always been the case.

toomuchtodo3• 1 year ago

Look at sales to list prices and time on market in Tampa St Pete, sellers are still making peace with the downward price momentum, but it’s happening.

https://qz.com/homes-housing-mortgages-underwater-pandemic-b...

https://www.youtube.com/watch?v=EUpTyY8RDAU

https://youtube.com/watch?v=Sjbqps5WRj4

WarOnPrivacy6• 1 year ago

Look at sales to list prices and time on market in Tampa, sellers are still making peace with the downward price momentum, but it’s happening.

Tampa is still at the top of the curve and will be for a very long time. Florida saw the highest climb in the nation and Tampa saw the highest climb in Florida.

The only thing that changed there's a little waver at the top of the peak while the historically short selling periods transition into normalcy. The only houses that aren't sure-sellers are the odd pricey unicorns.

New neighborhoods still advertise (and get) the same eye-watering prices they did last month and last year.

DanAtC• 1 year ago

[flagged]

WarOnPrivacy6• 1 year ago

But it's like every state in that it takes an enormous pile of cash to move out and get reestablished.

Homes Are Taking Longer to Sell in US Markets That Once Flourished

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