Florida housing market worsens: Port Richey listings up 248% YoY, builders abandoning projects.

Sharing is Caring!

The Florida housing market has been experiencing notable shifts. While the overall state-level home prices have been steadily growing, there are specific areas where inventory has surged dramatically. For instance, in ZIP codes like Port Richey, located north of Tampa, listings have nearly tripled compared to last year, with a staggering 248% growth in listings year-on-year. This surge in inventory can indeed be a sign of a major selloff, which may impact prices in the second half of 2024.

See also  Lockheed at 52-week lows; Is market too pessimistic on this top-tier defense giant?
See also  Toronto’s Housing Nightmare Unfolds: 30,000 Listings, Collapsing Rental Market, and No Buyers

The Florida Housing Market downturn continues to get worse in 2024, with home builders now being forced to abandon projects before completion.


612 views