Consumers expect rates and home prices to decline in the coming year but they remain cautious about the market and affordability.
Florida Realtors Chief Economist: Hurricane Helene disrupted the state’s RE market last month. Still, statewide inventory rose YoY for both Sept. and 3Q.
ORLANDO, Fla. – In September and the third quarter (3Q) of 2024, Florida’s housing market continued to show improving inventory levels (active listings) and signs of stabilization in statewide median prices compared to a year ago, according to Florida Realtors®’ latest housing data.
“Florida continues to attract new residents and the increase in active inventory we’re seeing means more housing options for those buyers,” said 2024 Florida Realtors President Gia Arvin, broker-owner with Matchmaker Realty in Gainesville. “As we hopefully continue to see lower mortgage interest rates, that – along with more available inventory – will also result in increased affordability for buyers who have been waiting on the sidelines.”
