South Florida Housing Slows While Central Florida Markets Surge

The South Florida real estate market is showing clear signs of a slowdown, with Miami, Fort Lauderdale, and West Palm Beach experiencing the largest declines in signed home purchase contracts among major U.S. metro areas. This shift follows years of rapid growth during the pandemic when properties regularly sold above asking price. Meanwhile, Governor Ron DeSantis has redirected $2.1 billion in unused reinsurance funds back to the state budget. Canadian interest in Florida real estate is also waning, with online searches for homes in Miami, Orlando, and Fort Lauderdale dropping between 21% and 30%. In contrast, Central Florida—particularly the Orlando area—is emerging as one of the most active housing markets nationwide in the second quarter of 2025. For more information click here.