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Florida, Texas Home Sellers Face Unfavorable Climate

Housing supply is surging, sellers are cutting their asking prices, and the time it takes to sell is soaring.

By Richard Berger | April 29, 2024 at 06:22 AM

The never-steady housing market is being impacted in key areas today due to bursts in supply and the home insurance crisis and affordability that comes with living in areas such as Florida and Texas, according to Redfin.

Homes for sale in Cape Coral, Fla., and North Port, Fla., surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, Texas, supply jumped 25%.

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