Florida Home Sales Rise as Prices Level and Mortgage Rates Settle
Updated
Updated · South Florida Sun Sentinel · Jun 14
Florida Home Sales Rise as Prices Level and Mortgage Rates Settle
3 articles · Updated · South Florida Sun Sentinel · Jun 14
Summary
Closed sales are rising across Florida while home prices level off and mortgage rates move into a more predictable range, signaling a shift from pandemic-era volatility to a steadier market.
That stability is giving buyers and sellers more room to plan, as inventory also steadies and market participants increasingly accept current conditions as the new normal.
Affordability still weighs on the market: the average first-time homebuyer age has climbed to a record 40, and Florida Realtors is backing steps such as more accessory dwelling units to expand attainable supply.
Condo costs remain less predictable because of stricter reserve requirements and potential assessments, though new laws aim to improve transparency and rebuild trust over time.
Insurance offers a more advanced example of reform progress, with 18 new carriers entering Florida after 2022 and 2023 changes and dozens seeking rate cuts, some in double digits.