Will Florida Housing Prices Drop in 2025?

By Michael Renick | Florida’s West Coast Real Estate Specialist
Team Renick | Mangrove Realty Associates Inc.

If you're keeping an eye on the Florida real estate market, you're probably asking: Will home prices drop in 2025? And here’s the honest answer — we’re already seeing signs of a market shift.

Inventory is rising, prices are starting to soften, and buyers are regaining some negotiating power. As Florida’s West Coast Real Estate Specialist, I help buyers and sellers navigate these changes with confidence and clarity.

📉 The Market Has Shifted

  • Inventory levels are up significantly across Florida's West Coast
  • Price reductions are becoming more common
  • Homes are taking longer to sell
  • Affordability is top-of-mind as rates remain elevated

📍 Local Snapshot: Florida’s West Coast

In Sarasota, Bradenton, and surrounding areas:

  • Active listings are up 20–40% compared to early 2023
  • Median prices have softened slightly
  • Bidding wars are rare — buyers have more options and time
  • Builders are offering discounts, upgrades, and closing incentives

💡 Advice for Buyers

2025 may offer a window of opportunity for well-prepared buyers:

  • Take your time and compare more options
  • Negotiate on price, repairs, or seller-paid closing costs
  • Ask about rate buydown programs
  • Look at builder incentives for new homes

💼 Advice for Sellers

  • Price your home competitively based on current comps
  • Invest in staging and presentation — the details matter
  • Be ready for longer market times and more negotiation
  • Choose an agent who knows how to market effectively

🧭 Where Prices Might Be Headed

We expect modest price softening to continue in areas with high inventory. Still, desirable neighborhoods and well-maintained homes are holding their value.

The market is transitioning — not crashing — and smart strategy makes all the difference.

🏠 The Bottom Line

Instead of asking “Will prices drop?” ask “How can I make the most of today’s market?”

📚 Want to explore more insights?
👉 Click here to browse my full blog archive

📞 Let’s connect and talk strategy — whether you're buying, selling, or just watching the trends.

Michael Renick
Florida’s West Coast Real Estate Specialist
Team Renick | Mangrove Realty Associates Inc.