Florida’s single-family home market showed a striking disconnect in early November 2025, with homes taking an average of 98 days to sell, 21 days longer than the national average of 77 days, even as market conditions shifted decisively in buyers’ favor.
The state’s housing inventory reached 97,224 active listings for the week ending Nov. 1, with 43.9% of sellers lowering prices to attract buyers. Despite these concessions, homes in Florida lingered on the market significantly longer than homes elsewhere in the country, indicating buyers are exerting new bargaining power or facing affordability challenges at higher prices.
Inventory increases as buyer conditions improve
Months of supply in Florida rose to 3.6, surpassing the national level of 2.9 months and moving the market into favorable territory for buyers. The state recorded 4,427 new homes during the week, while 6,808 homes were absorbed from the market.
The average number of days on market was 98 days, well above the national average of 77 days. This extended sales timeline persisted despite aggressive price reductions, with 43.9% of active listings being reduced, a rate that typically indicates sellers competing for limited attention from buyers.
Large metropolises show large market differences
Florida’s major cities showed significant differences in market dynamics. Naples led the way in average prices at $997,800, with a 140-day term for homes, while Jacksonville offered the most affordable option at $312,574, with an average 77-day term.
The Miami luxury market had an average price of $798,000 with sales times of 91 days. Orlando and Tampa showed similar patterns, both near $510,000 with a 77-day average. Fort Lauderdale’s median price of $839,000 took 112 days to hit the market, while properties in West Palm Beach for $725,000 took 105 days to sell.
Price reduction rates varied dramatically across metro areas. Tampa sellers led the way with 54.9% lower prices, followed by Orlando at 48.7% and Pensacola at 48.6%. Naples showed the most resilience with only 33% price reductions, despite the longest sales times.
Supply levels indicate changing power dynamics
Months of inventory ranged from Orlando’s scant 2.7 months to Sarasota’s 5.5 months. Kissimmee reached 5.1 months, while Cape Coral reached 4.6 months, both firmly in buyer-favorable territory. Jacksonville lasted 2.7 months despite having the state’s largest city inventory with 3,082 active listings.
Market conditions ranged from neutral Orlando to strong buyer markets in Kissimmee and Sarasota. Cape Coral, Fort Myers and Naples all showed buyer-favorable conditions, while Jacksonville, Tampa and Orlando remained closer to equilibrium.
The price dynamics reveal tensions in the market
Florida’s median list price remained at $480,000, maintaining a $45,000 premium to the national median of $435,000. The price per square foot was $249.4, compared to $213.1 nationally, representing a 17% premium for Florida properties.
While 43.9% of listings saw price drops, only 2.2% increased asking prices during the week. Additionally, 7.3% of properties were relisted after previously being removed from the market, indicating that some sellers are regrouping their strategies rather than accepting current market conditions.
What to watch in Florida’s changing market
The average sales time of 98 days and supply of 3.6 months indicate clear buyer advantages in terms of bargaining power. The 43.9% price reduction rate provides a benchmark for the softness of the market, while the average price of $480,000 remains an important threshold for affordability considerations.
Track the 98-day average days on market as a leading indicator of market speed. Keep an eye on the 43.9% markdown for signs of urgency from the seller. Use the 3.6 month supply metric to gauge whether buyer conditions continue to improve. Share these benchmarks with clients navigating Florida’s changing market dynamics.
HousingWire used HW Data to uncover this story. To see what’s happening in your own local market, you can generate a housing market report. For enterprise customers looking to license the same market data on a larger scale, visit HW Data.
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