Mortgage Minute Update: October 17, 2025
How Florida’s Fall Market Is Shifting to Buyer Balance
Florida Market Overview
The fall market is finally starting to feel balanced again across Florida.
Mortgage rates are holding around 6.4%, up a touch from last week but still well below the 7%+ highs of 2023.
Statewide, more homes are on the market, giving buyers something they haven’t had in a while—choices.
Home prices are mostly steady, but sellers are learning that buyers are in no rush and have more power to negotiate.
South Florida (Miami-Dade, Broward, Palm Beach)
Inventory continues to rise, especially in Broward and Palm Beach counties. Miami-Dade is showing the biggest supply buildup, with nearly double the listings from a year ago.
In these coastal markets, sellers are offering more credits, repairs, and rate buydowns to close deals.
Prices are holding up best in desirable neighborhoods, but overpriced homes are being pulled off the market or sitting longer than expected.
Central Florida (Orlando, Tampa, Space Coast)
Central Florida remains one of the state’s most active regions. Buyers are drawn by job growth, affordability, and strong rental demand.
Builders are still busy, but incentives—like closing cost assistance and rate buydowns—are back in play.
Overall, this area feels steady, with modest price adjustments and a slower but healthier pace of sales.
North Florida (Jacksonville & Panhandle)
The northern markets are still strong with in-migration and military relocation fueling steady activity.
Homes priced right continue to move, especially in Jacksonville and along the Panhandle coast.
This region remains more affordable overall, keeping demand consistent even as rates hover in the mid-sixes.
Florida’s Economic Pulse
Florida continues to attract new residents and employers, which helps keep the housing market stable despite higher rates.
Job growth remains solid, and population migration into the state is still one of the strongest in the nation.
The biggest challenges are insurance costs and property taxes, which continue to weigh on affordability—especially for first-time buyers and retirees.
What It Means for Buyers
- There’s more to choose from now than in the last two years.
- You can negotiate price, credits, or seller-paid rate buydowns.
- Focus on comfort and timing, not just chasing rate drops—you can always refinance later.
What It Means for Sellers
- Pricing matters more than ever. Overpricing will push buyers away.
- Homes in move-in condition still sell quickly.
- Offering concessions can help you stand out and keep the deal together.
Bottom Line
Florida’s housing market is finally finding balance.
Buyers have more leverage, sellers are adapting, and the pace feels more normal than we’ve seen in years.
This is a great time to reset expectations, plan strategically, and move forward with confidence.
