Intensity of Florida’s housing market correction is easing across many pockets of the state

Want more housing market stories from Lance Lambert’s Resi Club in your inbox? Subscribe to the Resi Club newsletter. While softness—and even outright weakness—remains in parts of Florida’s housing market, the intensity of the downturn in Florida has eased somewhat in recent months. While the Resi Club team is huge fans of looking at year-over-year shifts in home prices—especially when using an index that helps account for mix shift—the truth is that year-over-year changes are also slightly lagging. One way to get ahead of year-over-year home price shifts is by looking at seasonally adjusted month-over-month home price shifts as measured by the Zillow Home Value Index. When looking at seasonally adjusted month-over-month home price shifts across Florida metro and micro areas, you’ll see that over the past seven months the intensity of Florida’s home price correction has eased. Some Florida metros—in particular in the Florida Panhandle and parts of Northern Florida—are even back to seeing mildly positive seasonally adjusted month-over-month home price gains. And the places that are still seeing seasonally adjusted month-over-month home price declines, such as Punta Gorda and Cape Coral, are experiencing much smaller seasonally adjusted month-over-month declines than they were seven months ago. Pulling from the ResiClub Terminal, the chart below shows the seasonally adjusted month-over-month home price change between February 2026 and March 2026. A year ago, there was much more red. The chart below shows the seasonally adjusted month-over-month home price change between February 2025 and March 2025. While Florida housing markets are far from “strong” right now, you can see in the table below that the intensity of the correction in Florida has been easing over the past seven months. The ResiClub team will continue to keep an eye on it. Why is the intensity of the recalibration/correction easing in many Florida housing markets? LEFT: Month-over-month home price shift from