News Letter

March 2026

Florida real estate market trends

Florida is one of the top five states home buyers searched to move to, with Sarasota and Cape Coral seeing the largest number of searches, according to Redfin.

Home prices

The median home sale price in Florida is 6.5% lower than the national median, per Redfin’s October housing market data. Florida’s home prices have decreased slightly, down 0.97% compared to last year, though the picture changes depending on the neighborhood.

For example, cities like Miami and Hialeah have higher home prices compared to suburbs like Lauderhill and Englewood. You can use the Rocket Mortgage home affordability calculator to estimate how much you can afford in different areas.

Housing demand vs. inventory

Florida has a strong job market with an unemployment rate of 3.8% as of August 2025, below the national average. Popular industries include hospitality, tourism, tech, and aerospace. The state’s overall warm climate and waterfront communities appeal to those looking for an outdoor lifestyle.

Inventory has tightened in some cities due to delistings and fewer new listings. Many sellers are delisting or not selling their homes because of decreasing home values in their region. The good news is that each city’s housing market is different. So it’s important to work with an experienced agent who can help you navigate the local market.

Home buying seasons

Home sales in Florida primarily peak during the spring and summer months, with more available listings and buyers. Buying a home in the early fall to winter months could leave you with less competition and lower prices. However, depending on the local market, there could be fewer homes for sale during the off-season. There’s no universal best time to buy a house, as it depends on your personal goals.

Palm Coast Housing Market Overview

 —1-year Market Forecast

1,121For sale inventory(January 31, 2026)

217New listings(January 31, 2026)

0.965Median sale to list ratio(December 31, 2025)

$348,333Median sale price(December 31, 2025)

$414,267Median list price(January 31, 2026)

9.8%Percent of sales over list price(December 31, 2025)

81.3%Percent of sales under list price(December 31, 2025)

60Median days to pending(January 31, 2026)

(Metric availability is based on market coverage and data)

Overview of the Florida housing market

The median home price for October 2025 was $408,400, based on Redfin data. That’s 7% less than the national median home price of $439,869.

There are several factors trending toward Florida being a bit of a buyer’s market. The following are some key stats regarding the Florida housing market for October 2025:

Palm Coast, Florida, is rapidly evolving—and 2025 is shaping up to be a landmark year for development across the city. From new housing communities to infrastructure upgrades and tech investments, this coastal community is balancing strategic growth with quality of life. Whether you’re relocating, investing, or just curious about what’s ahead, here’s your inside look at the biggest projects shaping Palm Coast’s future.

Aerial view of a suburban neighborhood with new homes and green spaces in Palm Coast, FloridaResidential Growth: New Communities on the Rise

Kensington at Old Kings leads the charge as Palm Coast’s first development under Florida’s Live Local Act. This age-restricted community will feature 113 homes, with at least 40% dedicated to affordable housing for residents earning up to 120% of the area median income. Construction is well underway, and the project also includes four acres of future commercial space—creating a true mixed-use neighborhood.

Other key residential projects include:

  • Somerset Subdivision – 147 new homes by KB Home, actively selling.
  • The Enclave at Seminole Palms – 182 homes by Maronda Homes with resort-style amenities.
  • The Retreat at Town Center – 161 homes and duplexes by Toll Brothers, offering paired villas and single-family homes.

These developments are helping meet demand while offering a range of price points and home styles.

Palm Coast Housing Affordability | Growth, Zoning & the Live Local ActBalancing Growth with Affordability

Palm Coast’s leadership continues to focus on affordable housing and responsible growth. The City Council has moderated high-density proposals to manage infrastructure strain and maintain community character. The Live Local Act plays a pivotal role in ensuring long-term affordability and sustainability.

Rendering of the DC Blox data center building in Palm Coast, Florida, part of Project Orchid tech expansionCommercial & Industrial Progress

One of 2025’s biggest headlines was the rejection of the Belvedere Terminals fuel depot, reflecting strong community input and a focus on thoughtful development.

Meanwhile, the DC Blox data center, known internally as Project Orchid, is moving forward in Town Center. The project includes vital undersea cable landings in Flagler Beach—transforming Palm Coast into a digital infrastructure hub and opening doors for tech investment.

Interior view of the Flagler County YMCA front desk and lobby with community program signsEnhanced Community Amenities

A standout 2025 project is the new YMCA in Town Center, set on 12 acres and featuring a 44,000-square-foot facility, two levels, and a massive Olympic-sized pool. With state funding secured, this is a major win for community wellness and recreation.

Also coming soon: The Promenade, a stylish mixed-use development bringing new retail, dining, and residential energy to the heart of Palm Coast.

Infrastructure Investments

Palm Coast is actively executing a five-year pavement management plan, improving key roads with microsurfacing for safer, longer-lasting streets. The city is also building a new Maintenance Operations Center and has received $5 million in state funding to modernize its wastewater system—critical upgrades as the population grows.

Featured Community: Reserve East

Just two miles from Flagler Beach, Reserve East by Century Communities blends coastal charm with modern amenities. Offering single-family homes ranging from 1,786 to 3,100+ square feet, this community features:

  • Clubhouse
  • Large pool
  • Pickleball courts
  • Dog park

Whether you’re looking for quick move-in homes or custom builds, Reserve East offers an active lifestyle with seaside access.

Palm Coast Is a City on the Move

With residential, commercial, and recreational investments accelerating, Palm Coast is positioned for sustainable growth in 2025 and beyond. As a local expert, I’m here to help you make informed decisions—whether you’re moving, investing, or planning your future here.

Looking to relocate or learn more about Palm Coast real estate? Contact me, Kim Devlin, your NE Florida Realtor, for personalized guidance and insights.

  • Florida has 209,069 homes for sale, an increase of 4.1% over October 2024. This represents 6 months’ supply. Inventory continues to be high after first hitting a record in January of this year.
  • Homeowners are getting an average of 96.2% of their original list price in sales. Within these sales, 28.8% of homes have seen price drops, with 9.2% selling above list price. It depends on the area, but buyers may have room to negotiate.
  • It takes an average of 83 days to sell a house in Florida, which is up 13 days from the same time a year ago.
  • A popular destination for vacations, there are many condos in the state sold as second homes. The median condo price is $284,600 and these are spending an average of 121 days on the market. As a result, sellers are seeing just 93.9% of their list price.

Mortgage rates in Florida are going to depend on your qualifications and market rates at the time, but it would be fair to say that overall rates might be slightly higher in the state due to the number of vacation homes and investment properties.

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Key factors influencing mortgage payments in Florida

There are several factors that influence what your mortgage is in Florida or anywhere else. We’ll go deeper when factors involving the state housing market have an outsized influence on any of these factors:

  • Interest rates. Your mortgage rate affects the amount of interest paid monthly.
  • Down payment. The higher your down payment, the lower your monthly payment.
  • Mortgage insurance. This is required for all FHA loans and conventional mortgages with down payments of less than 20%.
  • Property taxes. Many homeowners pay their property taxes using an escrow account. According to the latest available Tax Foundation data from 2023, the effective property tax rate in Florida is 0.64%, which ranks 30th highest among the states.
  • Homeowners insurance. Home insurance would also be part of your escrow account. Primarily due to things like hurricane season, Florida has some of the highest homeowners insurance rates in the country.
  • Homeowners association fees. While not directly included in your mortgage payment, these are factored into your debt-to-income ratio (DTI) to determine what you can afford.

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How to calculate your mortgage payment

If you’re looking to calculate your mortgage payment, here’s a formula to help you determine it whether you’re a longtime Florida resident or moving to Fort Lauderdale next week. This is before adding taxes and insurance.

M = P × ((I × (1 + I)T) ÷ ((1 + I)T – 1))

From a practical standpoint, it makes far more sense to use a mortgage calculator, but it may be instructive to go over the main components of the formula so you understand what goes into the payment:

  • M: Monthly payment
  • P: Principal or loan balance
  • I: monthly interest rate
  • T: mortgage term in months

This gets you your monthly principal and interest payment. Because people often use escrow accounts it can be helpful to think of the four main elements as being principal, interest, taxes, and insurance (PITI).

You may also find our home affordability calculator and down payment calculator useful.

ut this is a far cry from the nation-leading $4,635 in Connecticut and $3,672 in California. The state with the lowest monthly mortgage payments is Michigan, which averages $1,506. The average mortgage in the U.S. is $2,329.

If you look at payments in Escambia County in the panhandle, these are $1,363 while the average in nearby Santa Rosa County is $1,648. Moving down the western coastline, in Pinellas County, property values are such that the average monthly payment is $2,534 and $2,376 in neighboring Manatee.

In inland central Florida, Orange County mortgage payments average $3,920 while further down state in Highlands County, the average mortgage is $1,564. Moving down the east coast, the average mortgage in Duval County is $2,127. Further south in Brevard County, the average monthly payment is $2,191.

At the southern tip of Florida, Miami-Dade and Monroe counties have average mortgage payments of $2,558 and $1,359, respectively.