Across much of Florida’s East Coast, the market showed a mix of activity as the year began, with several encouraging trends emerging. Sales accelerated in most counties in Northeast and South Florida, with higher-priced homes seeing moderate gains across many markets. At the same time, pricing adjusted in lower- and mid-priced segments, creating new opportunities for buyers. Condo sales rebounded from last year’s trough, with a growing number of buyers focusing on mid-priced units where list prices have become more approachable. While affordability remains a consideration, particularly as mortgage rates remain higher than some expected, many potential condo buyers have begun to adjust to the cost of insurance. Towards the end of the first quarter, the volume of newly listed homes began to slow. Even so, prospective buyers continue to benefit from a range of available options in many neighborhoods. At the same time, the level of supply without a corresponding increase in the buyer pool meant that homes took longer to sell on average, and sellers has to adjust expectations around full asking price. Another small source of supply has been a modest uptick in foreclosure activity, which has not been a major issue for several years. While not currently a source of concern, this is a trend worth monitoring, particularly alongside the increased utilization of adjustable-rate mortgages.