Florida’s Housing Market Closes November on Stable Footing

The Big Picture

Mortgage rates held steady again this week, with the 30-year fixed averaging around 6.34%.
After months of small changes, the bigger story is predictability — something buyers and sellers haven’t enjoyed in several years.

This stability is giving people the confidence to plan instead of wait.

For buyers who intend to move or refinance within the next 5–7 years, adjustable-rate options below 6% are still creating real opportunities to lower payments and improve affordability.

For homeowners who financed between 2022 and early 2025, this is a good moment to revisit your loan structure.

Florida Market Overview

Across the state, inventory is trending upward in a slow, steady way.
This does not signal a weakening market — it signals a normalizing one.

Here’s the statewide snapshot:

South Florida

More listings are hitting the market, buyers have more time, and sellers are adjusting expectations to match today’s demand.

Central Florida

Builders continue offering incentives — interest-rate buydowns, closing-cost credits, and upgrade packages — especially in Orlando and Tampa.

North Florida

Still one of the strongest affordability corridors in the state, driven by job growth, interstate migration, and consistent buyer activity.

Miami-Dade County Spotlight (rotation week)

Miami-Dade continues to show the highest inventory levels in South Florida — edging near 10 months of supply in some neighborhoods.

What this means:

  • Buyers have significant negotiating power
  • Overpriced listings are sitting
  • Sellers who offer credits or price realistically are still closing quickly
  • Move-in-ready homes under $650K remain the strongest movers

Despite higher inventory, demand remains steady thanks to strong employment, international migration, and ongoing urban redevelopment.

Florida Economic Pulse

Key fundamentals remain supportive:

  • Job growth is outperforming many major states
  • Consumer confidence is rising heading into 2026
  • Inflation pressures continue to ease
  • Population inflow remains strong

Affordability challenges persist—particularly insurance and taxes—but buyers are adapting by focusing on payment comfort rather than chasing the “perfect rate.”

What It Means for Buyers

  • Rates are stable, and some options sit below 6%
  • You have more room to negotiate than at any point in the last 3 years
  • Focus on the right home and right payment, not timing
  • If you financed in the last few years, explore whether restructuring makes sense

What It Means for Sellers

  • Buyers are selective — pricing must match current comps
  • Clean, well-presented listings still sell quickly
  • Credits or a 2-1 buydown can help attract motivated buyers without cutting price
  • Serious buyers are out there, just more patient

Bottom Line

Florida’s housing market is ending November on solid ground:
steady rates, steady demand, and more balanced negotiations.

This is the calmest, most predictable stretch we’ve seen in years — and both buyers and sellers can win with the right strategy.

Talk strategy anytime at MortgageSimplified.net

Posted in Uncategorized