Oct 16, 2025 - Real Estate
Florida homes sit on the market for months
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Homes in Florida spent a median of 79 days on the market before going under contract in August, according to Redfin data.
The big picture: The national median is 49 days.
- Homes are generally selling slower in the South than they are in the Midwest and Northeast — another sign that America is seemingly split between two housing markets.
Between the lines: In the South, where homebuilders have been busy adding supply, prices are softening and buyers are gaining negotiating power.
- Homes are sitting on the market for weeks or months as shoppers take their time and weigh more options.
Reality check: For many, buying a home still feels out of reach.
- "Homebuyers are spooked by high home prices, high mortgage rates and economic uncertainty, and now sellers are spooked because buyers are spooked," Redfin senior economist Asad Khan said in an August report.
What we're watching: Some sellers are pulling listings or staying put rather than cutting prices.