Florida Home Prices Poised To Drop Even Further in 2026 After Years of Weakness

Home prices in Florida’s eight largest metro areas are expected to fall slightly overall in 2026, by about 1.9% on average. The steepest drops are projected in markets that overheated the most during the pandemic: Cape Coral–Fort Myers could fall around 10.2%, and North Port–Sarasota–Bradenton about 8.9%. Tampa–St. Petersburg–Clearwater and Deltona–Daytona Beach–Ormond Beach are forecast to see more moderate declines (around 3–4%), while Orlando, Jacksonville, Palm Bay–Melbourne–Titusville, and Lakeland–Winter Haven would experience smaller price dips. Overall, Florida’s market is shifting toward more balanced, buyer-friendly conditions as inventory rises and demand cools, with Miami standing out as the one major Florida metro where prices are still expected to increase rather than fall. For more information click here.