Posted 4/5/2024, 10:39:27 AM
Florida Home Prices Seeing Steep Cuts as Sellers Struggle to Keep Up with Market
- Home prices in Florida being slashed at faster rate than rest of U.S. - 33% of Tampa listings had price reductions in February, highest in country.
- Multiple other Florida cities also had very high shares of listings with price cuts.
- Price cuts likely due to increased listings and competition among sellers.
- As of April 5, 50,602 Florida listings by agents had price reductions out of 207,205 total.
- Sellers struggling to accurately price homes amid uncertainty.
