The Florida Housing Market downturn continues to get worse in 2024, with home builders now being forced to abandon projects before completion.

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That's because the numbers of homes for sale and inventory across Florida's housing market has spiked over the last two years. In cities like Orlando, Davenport, and Lakeland, supply of homes for sale is flooding the market fast.

Don't be surprised if home prices in Florida drop significantly in 2024 and 2025. Especially in areas with a big concentration of Airbnb investors. These Airbnb investors are now selling due to a downturn in the market, which is putting more inventory for sale.

Realtors across Florida should also take note. The market is shifting fast, and it's important that you provide your clients with the most up to date data and market analysis. Head to Reventure App to find the data for your city and ZIP code.
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