Florida currently has more than 215,000 active listings, accounting for about 1 in 7 homes for sale nationwide. More than 10% of those homes are priced below what their owners paid. Florida’s pandemic-era housing boom has faded. It’s a sharp reversal from the bidding wars of a few years ago, when Florida’s population grew faster than that of any other state. A decade ago, Florida held the top spot with around 10% of the nation’s homes for sale. This year, that number reached nearly 18% in January and February but is currently at 14%, or about one of every seven homes for sale in the United States.
Source: Parcl Labs
My Take: We had ahuge influx of buyers in the pandemic era. Insurance and HOA fees have substantially increased in recent years coupled with the fact that Florida is a huge second home market. It should be no surprise we are experiencing a bit of a correction.
Mortgage Rates
Hover in the 6% Range
The 30-year fixed-rate mortgage averaged 6.49% this week. Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today’s market.
The 30-year fixed-rate mortgage averaged 6.49% as of July 9, 2026, up from last week when it averaged 6.43%. A year ago at this time, the 30-year FRM averaged 6.72%.
The 15-year fixed-rate mortgage averaged 5.82%, up from last week when it averaged 5.79%. A year ago at this time, the 15-year FRM averaged 5.86%
