10 Fastest-Cooling Housing Markets in the U.S. — 6 Are in Florida

From Yahoo Finance: 2024-06-16 10:00:56

The housing market in some cities is still heating up, but many are now cooling down, particularly in Florida. A recent Redfin study found that among the 10 cities where real estate markets are cooling the quickest, six are on Florida’s west coast. Factors include new construction boom, natural disasters, increasing home insurance costs, and decreasing demand. Cities like North Port, Tampa, and Orlando are experiencing significant decreases in median price per square foot, with increasing numbers of sellers dropping their asking prices. Overall, the housing market is showing signs of cooling in several Florida cities.



Read more at Yahoo Finance: 10 Fastest-Cooling Housing Markets in the U.S. — 6 Are in Florida