Florida Homeowners Struggle to Sell Their Houses

Homeowners in some Florida cities are finding it harder to sell their homes as data shows that an increased number of listings are sitting on the market for more than 30 days.The housing market in the Sunshine State experienced a boom during the COVID years when people from other parts of the country flocked to its cities, driving a surge in home sales. But now more and more homes are sitting as mortgage rates and high prices limit buyers.

The development reflected what is happening across the country, with close to 62 percent of homes on the market for at least 30 days, a near 12 percent increase from two years ago, according to Redfin. Meanwhile, about 40 percent of listings in May had been on the market for at least two months, up more than 12 percent from two years ago.

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Last day for Harris County homeowners to protest property valueHCAD said homes in lower price ranges saw minimal value increases while homes valued above $450,000 had value increases of roughly 4% to 8%.
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