While market conditions fluctuated throughout much of the past year, Florida’s housing market closed 2025 on steadier footing, finishing largely in line with 2024. Despite economic headwinds such as a rising unemployment rate and slower in-migration, underlying demand remained resilient and supported a modest recovery in the second half of the year. Activity strengthened at the upper end of the market, with increased purchase volume among higher-priced properties and a notable rise in cash sales. More price-sensitive buyers remained cautious as elevated mortgage rates, insurance costs, and the broader cost of goods and services continued to challenge affordability. Even so, Florida’s housing market demonstrated durability, particularly in premium segments where demand remained active and competitive. The increase in available homes continued into the first half of 2025, as Florida’s East Coast led much of the nation in the rapid surge of listings. Following a peak in April, a combination of rising purchase activity and fewer new listings coming onto the market helped bring available inventory back in line with 2024 levels. While counties including Miami-Dade and Broward in Southeast Florida and Flagler and Nassau in Northeast Florida had more homes available for sale, inventory declined across many adjacent counties. With a greater number of homes on the market, it took longer to sell a home in every county along Florida’s East Coast. The increase in time on market was smallest in counties with larger populations, while many outlying and suburban markets experienced more pronounced increases in the average time required to complete a sale. Sales activity across Florida’s East Coast was largely on par with 2024, with slightly fewer than 25,000 homes sold in each year. However, both years significantly outperformed 2023. Sales accelerated in Palm Beach County, as well as in Clay and Flagler counties, while the largest declines in closed sales occurred in Indian River and St. Johns counties. Overall, single-family home sales proved more resilient than condominiums. In 2025, aggregate condominium sales declined by 4%. Median pricing increased in 2025, reaching $1.4 million for condominiums and $1.03 million for single-family homes. For single-family homes, median prices declined across portions of Southeast Florida, though results varied by price segment. The largest gains in median pricing occurred within higher-priced tiers, supported by an increase in sales above $5 million. At the same time, fewer homes sold below $1 million as affordability constraints continued to weigh on price-sensitive buyers. One notable exception was Flagler County, where the number of homes sold for less than $1 million increased in 2025. Looking ahead, while market volatility may prove to be a key headwind in the year to come, underlying demand for housing across Florida’s East Coast remains strong. Potential buyers will continue to be constrained by affordability, even as the potential for lower mortgage rates begins to emerge. Inventory is expected to remain elevated through at least the first half of the year, with the possibility of additional sellers entering the market should transaction activity accelerate. Pricing is expected to remain relatively stable within mid- and upper-priced segments, particularly in prime neighborhoods offering strong school districts and convenient access to major employment centers.