Florida, January 3, 2026
Recent data from Freddie Mac reveals substantial declines in home prices across major metropolitan areas in Florida, with Punta Gorda facing the steepest drop of 21.4% from peak prices. Other cities such as Cape Coral, Sarasota, The Villages, and Naples also experienced notable decreases. In contrast, while most major metros nationally saw a year-over-year increase in home prices, the Florida market is showing signs of cooling as prices shift downward in key regions. The ongoing trends highlight the region’s unique housing market challenges.
Significant Home Price Declines Recorded in Florida
Major Markets See Notable Drops, Highlighting Regional Trends
Freddie Mac’s latest data reveals significant home price declines in Florida’s major metropolitan areas, with Punta Gorda experiencing a 21.4% drop from peak prices in November 2025.
Key Findings
- Punta Gorda: 21.4% decline from peak prices.
- Cape Coral: 14.4% decline from peak prices.
- Sarasota: 10.5% decline from peak prices.
- The Villages: 9.8% decline from peak prices.
- Naples: 8.9% decline from peak prices.
National Overview
Across 40 major metropolitan areas, home prices were, on average, 4.6% higher year-over-year in November 2025. However, only two of these metros—Austin and San Antonio in Texas—reported declines compared to November 2024. Notably, Austin’s prices were more than 18% lower than their peak in May 2022, and Tampa, Florida, saw a 5.3% decrease from its recent peak.
Regional Trends
Florida’s housing market has been particularly affected, with several cities reporting significant price declines. For instance, Tampa’s home prices in November 2025 were 5.3% off their recent peak, 4.1% lower than a year ago, and 3.5% lower than October 2025. Additionally, San Francisco, San Antonio, and Jacksonville, Florida, experienced year-over-year declines of 3%, 2.7%, and 2.6%, respectively.
Market Resilience
Despite these declines, some markets have shown resilience. Providence, Rhode Island, and Charlotte, North Carolina, each reported prices more than 70% higher than in January 2020, with only slight decreases from recent peaks.
Conclusion
The data indicates a trend of home price declines in Florida’s major metropolitan areas, with Punta Gorda leading the downturn. While some markets remain resilient, the overall trend suggests a cooling in Florida’s housing market compared to previous years.
Frequently Asked Questions (FAQ)
What are the major Florida cities experiencing the largest home price declines?
The major Florida cities experiencing the largest home price declines are Punta Gorda, Cape Coral, Sarasota, The Villages, and Naples, with declines ranging from 8.9% to 21.4% from their peak prices in November 2025.
How do Florida’s home price trends compare to other major metropolitan areas?
While Florida’s major metropolitan areas are experiencing significant home price declines, other major metropolitan areas, such as Austin and San Antonio in Texas, have also reported declines. However, many other metros have seen price increases compared to the previous year.
Are there any Florida markets showing resilience in home prices?
Yes, markets like Providence, Rhode Island, and Charlotte, North Carolina, have shown resilience, with prices more than 70% higher than in January 2020 and only slight decreases from recent peaks.
Key Features of the Report
| Feature | Details |
|---|---|
| Data Source | Freddie Mac |
| Timeframe | November 2025 |
| Focus Area | Major Metropolitan Areas in Florida |
| Key Findings | Significant home price declines in Florida, with Punta Gorda leading at 21.4% decline from peak prices. |
| National Comparison | Florida’s declines contrast with national trends, where many metros have seen price increases. |
| Market Resilience | Some markets, like Providence and Charlotte, have shown resilience with prices over 70% higher than in January 2020. |
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