Florida Real Estate Market Update – February 2025

Provided by Quest Real Estate Services of Florida, LLC

Market Overview: Florida Real Estate Trends

• Median Home Price: $410,900 (Up 1.8% YoY)
• Days on Market: 70 days (More inventory, slower sales)
• Housing Inventory: 22,184 active listings (More buyer options)
• Mortgage Rates: 6.5% – 6.8% (Potential rate cuts expected in late 2025)

Source: Houzeo

Regional Market Highlights

South Florida – Ultra-Luxury Boom

• Luxury Market on Fire: Homes selling for $100M+
• Popular Areas: Coconut Grove, Miami Beach, Palm Beach
• Highest Listing: $285M estate for sale
  Source: NY Post

Palm Beach – High Demand & Rising Prices

• Influx of New York Buyers driving prices higher
• Median Home Price: $4.15M+ (Luxury segment remains strong)
  Source: NY Post

Santa Rosa Beach & Emerald Coast – A Buyer’s Market?

• Median Home Price: $995,000 (Down 5.2% YoY)
• ⏳ Days on Market: 137 days (Less competition, more negotiation power)
  Source: Redfin

Interest Rates & Buying Power

• Current Rates: 6.5% – 6.8% for 30-year fixed mortgages
• ⏳ Rate Cuts Expected? Possible Fed rate reductions in late 2025
• Buyer Strategies: Consider rate buy-downs, ARMs, and seller concessions
• Investors: Rising mortgage rates = higher rental demand & strong ROI

Need a top mortgage lender? Quest Real Estate Services can connect you with trusted professionals to secure the best financing options!

⚠️ Climate & Insurance Risks in Florida Real Estate

• ️ Hurricane & Flood Zones: Rising premiums impacting affordability
• Property Devaluation: Insurance costs influencing home values
• How Quest Real Estate Can Help:
  ✅ Find low-risk, high-value properties
  ✅ Assist with insurance cost analysis & mitigation
  ✅ Guide investors on resilient, long-term purchases
  Source: WSJ

Final Thoughts – What This Means for You

For Buyers:
✔️ More inventory = better deals, less competition
✔️ Mortgage rates may drop later in 2025—act now or wait?
✔️ Luxury markets booming, but some areas offer discounts

For Sellers:
✔️ Price competitively to attract serious buyers
✔️ Consider offering rate buy-downs to close deals faster
✔️ Quest Real Estate Services can help maximize your property value!

For Investors:
✔️ Rental demand rising—strong potential cash flow & appreciation
✔️ Insurance risks require smart property selection
✔️ Emerging buyer’s markets present long-term opportunities

Ready to Make a Move? Contact Quest Real Estate Services Today!

Quest Real Estate Services of Florida, LLC
850-559-2178
www.questrealestatenow.com
Email: June@questrealestatenow.com