Why did Florida home prices stop falling?

Supply withdrawal paused the decline over the winter rather than a demand recovery: active inventory is down 10.9% from a year ago, with the largest inventory declines in the counties with the largest price declines (for example, Lee County inventory fell 20.1% year over year while values fell 7.3%). That floor cracked in the spring as price cuts climbed back to 1 in 4 listings.

Can media outlets republish these charts?

Yes. Charts on this page may be republished with credit to Move With Momentum, e.g. 'Move With Momentum analysis of Zillow Research data.' Attribution is embedded in each image.

Florida Housing Market Tracker

Q: Are Florida home prices still falling in 2026?

Yes, modestly. On a statewide, population-weighted basis (Zillow ZHVI), Florida's typical home value was roughly flat from December 2025 through March 2026, then slipped again in April and May 2026 to a new cycle low of $392,443 — down 3.0% from a year earlier. 85% of Florida ZIP codes with population over 5,000 were below their year-ago value as of May 2026.

Q: How often is this page updated?

Monthly, when the underlying Zillow Research and Realtor.com Research datasets refresh. Every chart carries its own data-through date. The current release uses Zillow data through May 2026 and Realtor.com data for June 2026.

July 2026 release — published July 6, 2026. Zillow Research data through May 2026; Realtor.com Research data for June 2026; all 67 counties and roughly 900 ZIP codes. This page is updated monthly with new data and media-ready charts. Every figure is attributed and dated; charts may be republished with credit (see below).

This month in one paragraph

The winter flatline just cracked. Florida's statewide typical home value held essentially flat from December 2025 through March 2026, then slipped in April and again in May — setting a fresh cycle low of $392,443, down 3.0% from a year earlier. The floor that held through the winter was built on sellers leaving, not buyers returning: active inventory is down 10.9% year over year, with the steepest withdrawals in the hardest-hit Gulf Coast counties (Lee County: listings −20.1%, values −7.3%). The spring re-test failed — the share of listings taking a price cut climbed from a December low of 21.6% back to 25.2%, one in four listings, and prices resumed slipping.

$392,443statewide typical value, May 2026 — a fresh cycle low (Zillow ZHVI, pop-weighted)

−10.9%active inventory vs. a year ago (Zillow, 67-county total)

1 in 4listings with a price cut, May 2026 (25.2%, inventory-weighted)

85%of ZIP codes (pop. > 5,000) below their year-ago value, May 2026

+48%statewide value vs. 2020 annual average, despite the correction

Chart 1 — A fresh cycle low

Line chart of Florida statewide typical home value 2020 to 2026: up 48% from a $265,450 average in 2020 to a 2024 annual-average peak of $418,317, roughly flat December 2025 through March 2026, then slipping to a new cycle low of $392,443 in May 2026, with an illustrative scenario range of minus 3 to plus 2 percent over the next 12 months — Statewide values rose 48% from 2020 to a 2024 annual-average peak, corrected through 2025, held flat over the winter, then slipped to a fresh cycle low in May 2026. The shaded band is an illustrative −3% to +2% scenario range over the next 12 months, not a forecast guarantee. Source: Move With Momentum analysis of Zillow Research data, through May 2026.

Chart 2 — The price floor is a seller strike

Scatter plot of 33 Florida counties over 150,000 population comparing year-over-year inventory change with year-over-year home value change as of May 2026; counties with the largest price declines, such as Lee and Sarasota, also show the largest inventory declines — Among Florida's 33 largest counties, the deepest price declines line up with the deepest inventory withdrawals — Lee County listings fell 20.1% year over year while values fell 7.3%. The winter price floor was built on supply leaving the market, which is why it proved fragile in the spring. Source: Move With Momentum analysis of Zillow Research data, through May 2026.

Chart 3 — Price cuts are rising again

Line chart of the share of active Florida listings with a price reduction from May 2025 to May 2026: falling from 28.9% to a December low of 21.6%, then rising to 25.2% by May 2026 — The share of listings with a price reduction bottomed at 21.6% in December 2025 and rose to 25.2% by May 2026 — the early-warning signal that preceded May's fresh cycle low. Source: Move With Momentum analysis of Zillow Research data, through May 2026.

Chart 4 — 85% of ZIP codes lost value in a year

Dot histogram where each of 801 dots is a Florida ZIP code with population over 5,000, positioned by home value change from May 2025 to May 2026; 683 ZIP codes fell and 118 rose, with the median ZIP down about 3 percent — Each dot is one Florida ZIP code: 683 of 801 (85%) were below their year-ago value in May 2026; the median ZIP fell about 3%. Separately, 61% of Florida ZIP codes are below their May 2023 value. Source: Move With Momentum analysis of Zillow Research data, ZIP codes with population over 5,000, through May 2026.

Chart 5 — Same county, opposite markets

Dumbbell chart showing the best- and worst-performing ZIP code in eight large Florida counties for the year ending May 2026; Palm Beach County shows the widest spread at 20 percentage points, from minus 13.0 percent in ZIP 33417 to plus 7.1 percent in ZIP 33496 — County averages hide the real story. In Palm Beach County, ZIP 33417 fell 13.0% while ZIP 33496 rose 7.1% — a 20-point spread inside one county, driven largely by lower-priced condo communities repricing while higher-priced segments hold. Source: Move With Momentum analysis of Zillow Research data, ZIP codes with population over 5,000, through May 2026.

Chart 6 — The Two Floridas

Choropleth map of Florida's 67 counties colored by home value change for the year ending May 2026: most inland North Florida counties rose while peninsula and coastal counties fell, with the deepest declines in Charlotte, Lee, and Sarasota counties on the Gulf Coast — 46 of 67 counties fell over the year to May 2026. The counties still rising are concentrated in inland North Florida (Lafayette +7.8%, Liberty +5.3%), while the Gulf Coast saw the deepest declines (Charlotte −9.6%, Lee −7.3%). Source: Move With Momentum analysis of Zillow Research data, through May 2026.

Chart 7 — Palm Beach's 20-point split

Indexed line chart from May 2025 to May 2026 comparing two Palm Beach County ZIP codes: 33417 in West Palm Beach fell 13.0% while 33496 in Boca Raton rose 7.1% — ZIP 33417 (West Palm Beach — dominated by older condo/co-op communities, which is why its typical value is about $139K) fell 13.0% over the year while ZIP 33496 (Boca Raton, about $1.02M) rose 7.1% — a 20-point spread inside one county. Lower-priced condo communities are repricing under insurance and assessment cost pressure while the higher-priced segment holds. Source: Move With Momentum analysis of Zillow Research data, through May 2026.

Chart 8 — Florida home values by county, ranked

Table of all 67 Florida counties showing typical home values for each year 2018 through May 2026, ranked by growth versus pre-pandemic 2019, with one-year change and change versus peak; Hamilton, Gilchrist, and Lafayette counties lead at around plus 90 percent while Charlotte County ranks last at plus 34 percent and 22 percent below its peak — All 67 counties, ranked by growth vs. pre-pandemic 2019. Every county remains 34–92% above its 2019 value; 12 rural North Florida counties are at record highs while Charlotte County is 22.3% below peak. Source: Move With Momentum analysis of Zillow Research data, through May 2026.

Chart 9 — The 14-year view

Table of Florida counties ranked by home value growth since 2012, showing values for 2012, 2019, 2022 and May 2026; the median county is up 159 percent since 2012, led by Hendry County at plus 284 percent — The long view: the median Florida county's typical home value is up 159% since 2012, and no county is up less than 92%. Source: Move With Momentum analysis of Zillow Research data, through May 2026. Monroe County data begins 2016.

Chart 10 — Where home prices outran paychecks the most

Bar chart of all 67 Florida counties ranked by the gap between home value growth and household income growth since 2019; Glades County tops the list at 91 percentage points, with incomes falling 5 percent while values rose 86 percent, and Charlotte County has the narrowest gap at 6 points — The affordability gap: home value growth minus household income growth since 2019, in percentage points. Every county is positive — values beat paychecks everywhere, by 6 points (Charlotte) to 91 points (Glades, where incomes fell 5% while values rose 86%). Source: Move With Momentum analysis of Zillow Research data and U.S. Census Bureau ACS 5-year income (2019 vs. 2023).

For media: every chart on this page may be republished with credit — "Move With Momentum analysis of Zillow Research data." Attribution and data dates are embedded in each image. For interviews, custom cuts of this data (county, metro, or ZIP level), or the underlying figures, contact jon@movewithmomentum.com. A new release is published each month when source data refreshes.

Embed these charts

Bloggers and publishers: copy the snippet below any chart to embed it. The image stays current at this URL and credit is built in. Square (1080×1080) versions for Instagram and LinkedIn are in the same folder with an sq- prefix.

Methodology

Statewide values are population-weighted averages of county-level Zillow Home Value Index (ZHVI) figures across all 67 Florida counties; 2020–2024 points are annual averages and 2025–2026 points are monthly. Inventory and price-cut shares are Zillow Research county series (price-cut share weighted by county active inventory). Listing metrics (days on market, active/new listings, price-reduced share) are Realtor.com Research monthly county data. ZIP-level figures cover ZIP codes with population over 5,000 (Census ACS). The scenario range in Chart 1 is an illustrative band, not a prediction: no one can guarantee future prices. All information is deemed reliable but not guaranteed and speaks only as of the dates shown.

Common questions

Are Florida home prices still falling in 2026?

Yes, modestly. The population-weighted typical value was roughly flat from December 2025 through March 2026, then slipped in April and May 2026 to a new cycle low of $392,443 — down 3.0% from a year earlier. 85% of ZIP codes with population over 5,000 were below their year-ago value as of May 2026.

Why did prices pause over the winter, then slip again?

The evidence points to supply withdrawal rather than a demand recovery. Active inventory is down 10.9% from a year ago, with the biggest declines in the counties where prices fell most — consistent with discretionary sellers delisting rather than cutting further. When spring re-listers returned at higher asking prices, price cuts climbed back to 1 in 4 listings and values slipped to a new cycle low.

Which parts of Florida are still rising?

As of May 2026, most of the counties with year-over-year gains are smaller inland North Florida counties (per Zillow ZHVI), while several higher-priced coastal ZIP codes in Southeast Florida also rose. See Charts 4 and 5 for the distribution.

How often is this page updated?

Monthly, when the source datasets refresh. Each chart carries its own data-through date.

Florida median home prices by county · County market scorecards · NE Florida market dashboard

Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.