What inventory signals about Florida’s housing market correction

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Florida’s particularly intense overheating during the Pandemic Housing Boom is the key reason for its downside pricing vulnerability. While U.S. home prices rose +41% between March 2020 and June 2022, Florida home prices surged +51% over the same period—leaving some parts of the state significantly overvalued. Only, it takes a large enough shift in the supply-demand equilibrium for that vulnerability to manifest into falling prices. Of course, over the past three years, 5 factors have come together to create a supply-demand equilibrium shift large enough to reveal some of that downside risk and push certain pockets of Florida into post-Pandemic Housing Boom corrections. The Pandemic Housing Boom’s migration surge to Florida has fizzled out. Indeed, Florida saw net domestic migration of +23K in 2025, compared to +314K in 2022. Without that larger i