Florida started 2024 with a total of 65,912 single-family homes on the market, with a median home price of $519,000 and an average price per square foot of $396.84. By the end of the year, inventory had increased to 88,270 homes on the market (+34%), with a median home price of $492,995 (-5%), and an average price per square foot of $373 (-6%).
At the start of 2024, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 84 days.
Florida started the year with 38.46% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 39.55% of homes for sale had taken a price cut.
