Part 3/8:
Many real estate professionals assert that the time to sell was in 2022. The market has changed dramatically since the height of home purchases during that year, with many properties bought in 2022 now being sold at losses. Increased inventory levels and declining sales reinforce the idea that Florida is not insulated from market downturns.
The Inventory Crisis
Florida has observed an explosion in housing inventory, which outpaces any other state. Significant increases in ownership costs have compelled investors—many of whom initially viewed properties as rental opportunities—to cut their losses and list their homes. This surge in listings correlates with rising interest rates and economic uncertainties, creating an oversupply that may further depress prices.