Home sellers are growing more frustrated as it becomes clear that the housing market is shifting in favor of buyers across much of the country.
Recent Headlines about the housing market include:
- “The Tide Is Turning in the Housing Market as Top Metro Areas See Home Prices Fall Ahead of a Broader Decline Later This Year” (Fortune, June 1, 2025).
- “House Value Declines Spark Alarm: ‘Something Big Could Be Happening'” (Newsweek, June 5, 2025).
- “Housing Market at Risk of ‘Sustained Downturn’ as Price Growth Cools” (Axios, June 25, 2025).
- “Will the 2025 Housing Market Crash Like 2008?” (HousingWire, June 9, 2025).
According to an analysis by real estate company Redfin, there were nearly 500,000 more sellers than buyers in April 2025, marking the largest gap recorded since 2013. This imbalance, with approximately 1.9 million sellers and 1.5 million buyers, reflects a 33.7% surplus of sellers, transitioning the market toward a buyer’s advantage.
The National Association of Realtors is reporting that during the month of May 2025, existing home sales fell 0.7% year-over-year while inventory climbed 20.3% compared to one year ago. At the current sales pace, unsold inventory represents a 4.6-month supply, up from 3.8 months in May 2024.
The Florida Housing Market
In May 2025, Florida’s housing market continued to experience a rise in active listings, even as the supply of new listings declined for the first time since October 2024.
The state recorded 34,540 property transactions—an increase from 33,861 in April, but still a 9.7% decrease compared to the previous year.
Existing single-family home sales fell 5.7% year-over-year, while sales of condominiums and townhomes dropped even more sharply, down 19.9%. The median sale price also declined to $380,000, representing a 2.6% decrease from May 2024.
Active inventory surged 29.3% year-over-year, surpassing 200,000 units and marking a more than fourfold increase from the pandemic low in 2022.
“But there is a clear divergence from last year’s price levels starting to emerge,” according to Florida Realtors Chief Economist Dr. Brad O’Connor. He further stated, “Still, prices remain in the neighborhood of where they’ve been since early 2022 and are 54% above where they were at this time in 2020. May’s year-over-year decline at the state level also masks some considerable variation at the local level, with the median price for single-family homes only falling in 13 of Florida’s 22 metropolitan areas.”
Closed Sales
In May 2025, Florida recorded 34,510 closed sales transactions—a 9.7% decrease compared to the previous year, but a notable rise from 22,137 sales in January 2025.
Sales of homes priced above $1 million fell 16.0% year-over-year, highlighting ongoing softness in the luxury market.
Median Sales Prices
Since mid-2024, Florida’s median home prices have stabilized. As of May 2025, the median price fell slightly (2.6%) to $380,000. Since early 2022, values have continued to remain in the $360,000 to $395,000 range.
The median sale price for homes over $1 million increased by 1.6%.
Active Inventory
Active inventory in Florida across all property types continued its upward trend in May, rising 29.3% year-over-year to 202,182 units.
This level of inventory has not been seen since the first quarter 2012.
The South Florida Housing Market
In May 2025, South Florida’s housing market experienced modest growth in median sale prices alongside a continued decline in transaction volume.
Closed sales dropped 16% year-over-year to 6,356 units, while the total value of homes sold decreased 9.8% to $5.7 billion.
The median home price across all property types continued to rise, up 3.8% year-over-year to $519,000.
Inventory levels surged 34% from a year ago, exceeding 51,688 units.
The Greater Orlando Housing Market
In May 2025, Orlando’s existing home sales dropped 6.4% year-over-year to 3,649 closed transactions, with the total sales value falling 3.7% to $1.8 billion.
The median home price across all property types remained fairly stable at $415,000, rising just 1.2%
Inventory of existing homes for sale continue to surge, up 36% year-over-year, while new listings declined 2.9% from the previous year.
The Tampa Bay Housing Market
As of May 2025, existing-home sales in the Tampa–St. Petersburg–Clearwater MSA declined 12% year-over-year to 5,280 units, with total sales value dropping 16% to $2.4 billion.
The median home price across all property types edged down to $370,500, below the recent peak of $390,000.
Active inventory surged 30% year-over-year to 23,037 homes, while new listings declined 1.4% to 7,118 units.
Do you have a property to sell?
If you have a property that you need to sell, now is the time to call Quantum Realty Advisors, Inc. for a free, 30-minute consultation to discuss your immediate needs and how we can help to address them.
On behalf of our clients and strategic partners, we have successfully sell over hundreds of residential and commercial properties in most major markets nationwide.
Our team has an extensive network of highly experienced partner brokers who can assist with all the local requirements, and we will personally be there for you every step of the way.
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