• There are a record number of properties for sale in Florida, with 168,717 homes listed in February.
• Some cities have doubled the amount of listings on the market since last year.
• The biggest increase in listings from last year occurred in areas with more affordable homes.

Florida's housing market is cooling as a record-setting number of homes were listed for sale in February.

According to Realtor.com, 168,717 properties went on the market in February, the highest number the site has recorded since it started keeping track in 2016.

The total number of properties for sale in Florida jumped by 40% since February 2024, Realtor.com found. In some cities, there are more than double the number of listings compared to last year. Only seven cities out of the 252 Realtor.com tracked had fewer listings this year than last.

Economists and other housing-market experts use increases in inventory to identify areas where demand and competition for houses might be waning. There, homebuyers might start to have an edge over home sellers. Increased inventory is also an indicator that home prices could fall.

Even though Palm Beach real estate is experiencing what some brokers call a "Trump bump," with expensive properties changing hands, other parts of the state are getting cheaper.

"Home shoppers in Bradenton and Sarasota are in for a treat with climbing inventory, falling prices, and longer time on market," Realtor.com senior economic research analyst Hannah Jones said in the report. "Buyers are likely to find more seller flexibility as homeowners aim to attract buyer attention."

Because the pandemic housing boom led to record-low levels of inventory nationwide, more homes for sale can sometimes signal a return to normal rather than a housing-market decline. In some parts of Florida, however, the influx of homes on the market and other forces are already having an effect on property values.

Take Greenacres, Florida, an enclave 10 miles southwest of West Palm Beach. In January 2025, the median listing price was $259,950, 13% less than in January 2024.

Other factors are weighing on the Florida housing market, including relatively higher mortgage rates that stifle homebuyer demand, intensifying property damage from natural disasters, and rising homeowners' association, or HOA, fees.

Here are 17 Florida cities with the biggest increases in homes for sale year-over-year, according to data from Realtor.com. Homebuyers and investors may want to eye these spots for better deals and more negotiating power.

The Realtor.com data about homes on the market is from February 2025, while the median listing prices are from January, the most recent month available.

17. The Villages

Properties on the market: 594

Increase in homes for sale year-over-year: 76.5%

Median listing price: $389,250

16. Oldsmar

Properties on the market: 144

Increase in homes for sale year-over-year: 76.7%

Median listing price: $379,450

15. Tequesta

Properties on the market: 111

Increase in homes for sale year-over-year: 76.8%

Median listing price: $749,000

14. Greenacres

Properties on the market: 331

Increase in homes for sale year-over-year: 78.9%

Median listing price: $259,950

13. Fort Myers Beach

Properties on the market: 508

Increase in homes for sale year-over-year: 83.1%

Median listing price: $799,999

12. St. Augustine

Properties on the market: 1,596

Increase in homes for sale year-over-year: 84.2%

Median listing price: $612,000

11. Tavares

Properties on the market: 152

Increase in homes for sale year-over-year: 92.40%

Median listing price: $359,000

10. Harmony

Properties on the market: 121

Increase in homes for sale year-over-year: 100.00%

Median listing price: $364,500

9. Royal Palm Beach

Properties on the market: 218

Increase in homes for sale year-over-year: 100.00%

Median listing price: $479,950

8. Ave Maria

Properties on the market: 218

Increase in homes for sale year-over-year: 106.60%

Median listing price: $474,900

7. St. Johns

Properties on the market: 269

Increase in homes for sale year-over-year: 115.70%

Median listing price: $575,000

6. St. James City

Properties on the market: 123

Increase in homes for sale year-over-year: 115.80%

Median listing price: $599,900

5. Dania Beach

Properties on the market: 168

Increase in homes for sale year-over-year: 118.20%

Median listing price: $409,900

4. Miami Gardens

Properties on the market: 309

Increase in homes for sale year-over-year: 120.70%

Median listing price: $499,999

3. Pace

Properties on the market: 178

Increase in homes for sale year-over-year: 128.20%

Median listing price: $349,000

2. Citrus Springs

Properties on the market: 298

Increase in homes for sale year-over-year: 136.50%

Median listing price: $284,990

1. St. Petersburg

Properties on the market: 2,141

Increase in homes for sale year-over-year: 164.1%

Median listing price: $440,000