Florida housing prices have dropped for the fifth consecutive month in 2025, with single-family home sales down 2.8% and condo-townhouse sales down 11.8%. Median prices are $410,000 for single-family homes and $295,000 for condos. Rising inventory, high mortgage rates around 6.5%, and economic uncertainty are driving this trend. Buyers gain negotiating power, while sellers must price competitively and be patient. The market is stabilizing without a major crash expected.
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