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lorida's housing market has reached a 13-year high, with over 172,000 homes listed for sale in January. This is the highest number of listings on record since 2012, according to Redfin, a real estate brokerage firm. Compared to last year, this represents a 22.7% increase.

    Several factors are contributing to this surge in inventory, including rising costs for condo owners due to new safety regulations and an influx of new homes being built in the state. Additionally, some homeowners are selling their properties because they can no longer afford insurance premiums.

    As a result, buyers have more options than ever before, but this has also led to a buildup of stale inventory. Redfin reports that many listings are sitting on the market for months at a time, and pending home sales in Florida fell 9.3% year over year in January.

    In specific cities, active listings are also on the rise. In Fort Lauderdale, there were 19,440 listings in January, a 27.2% increase from last year. West Palm Beach saw a 19.5% increase to 17,344 listings, while Orlando experienced a 24.5% jump to 17,770 listings.

    Active listings statewide rose 19.4% year over year in January to 212,437, just shy of the all-time high set in 2019. This shift towards more inventory has created a buyers' market, where negotiability is higher and homes are taking longer to sell. In Broward County, for example, homes sat on the market for an average of 65 days last year but now take around 91 days to sell.