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Florida home values are dropping fastest in the U.S., with six of the top 10 declines in its metros, led by North Port-Bradenton-Sarasota at 8.6%.
Home values in Florida are falling faster than in most U.S. cities, with six of the top 10 metros seeing the steepest year-over-year price drops, led by North Port-Bradenton-Sarasota at 8.6%.
Experts cite high inventory, weak demand, elevated mortgage rates, and rising costs like insurance and HOA fees.
The decline follows a pandemic-driven boom that left markets vulnerable.
While some stabilization is emerging, especially on Florida’s west coast, Realtor.com projects continued declines in select Florida and California areas through 2026, though national prices may rise if mortgage rates ease below 5%.
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Los valores de las casas de Florida están cayendo más rápido en los EE. UU., con seis de las 10 principales caídas en sus metros, lideradas por North Port-Bradenton-Sarasota con un 8.6%.