Florida Housing Trends

In Destin, there are more sellers in a decreasing market. The supply of houses is good and continues to grow as the amount of people buying houses slows down. Houses are on the market an average of 60-90 days before selling for an average price of $800K. The most sought after units were condominiums. The Keys are also seeing a cooling period with houses being for sale for 90 days and longer. The average sale price is $730K, which is an increase of 10-15% from July 2005 prices. The most active market share belongs to baby boomers and retirees moving in.