Florida’s housing market was once red-hot. Now it’s one of the coldest in the country.

Southern housing markets, especially in Florida, have cooled after a pandemic boom as buyer demand fades and sellers cut prices. The Northeast now dominates the hottest markets, with New Haven-Milford, CT, ranking first. Florida cities like Cape Coral-Fort Myers and North Port-Sarasota-Bradenton rank among the coldest markets due to rising home insurance, property taxes, and slower price appreciation.