by Wolf Richter
Wolf Street
Active Listings versus 2019: Tampa +40%, Orlando +42%, Jacksonville +25%, Cape Coral-Fort Myers +36%, North Port-Sarasota +36%, Lakeland +80%. Miami a little behind: +5%.
Active listings of existing homes for sale in Florida soared by 32% year-over-year in May to 181,822 listings, up by 26% from May 2019, and up by 34% from May 2018, after a surge that started in late 2022 from very low levels. Since then, inventory for sale has quadrupled.
The inventory levels in April and May were by far the highest in the data from realtor.com going back to 2016. There was a housing shortage in 2021 and 2022. And now there’s a flood of housing on the market.