Florida homeowners are slashing the price of their properties in the hope of attracting hesitnat buyers, with one in four sellers having cut their initial asking price, according to data available on Zillow.As of Friday morning, there were 224,036 properties listed for sale on the online real estate marketplace, including single- and multi-family homes, townhomes, apartments, condos and lots.
While Florida remains more expensive than many other states when it comes to housing, with the average home value estimated at $399,944 against the nationwide average of $360,681, sellers in Florida are now facing a market that's flipped in favor of buyers.Florida and Texas have built the highest number of new homes in the nation—something that was badly needed after the country underbuilt for years following the Great Recession.