In Florida, >1 in 10 active listings were priced below the seller's purchase price, showing more owners adjusted expectations to move recently.
In some Florida markets, nearly half of homes for sale had already taken asking-price cuts, while seller concessions also became more common recently.
Florida's shift followed earlier sharp price gains, then weaker demand, higher borrowing costs and larger inventories, conditions that pushed many sellers to reprice.
Some Florida owners who bought near the peak accepted smaller proceeds to complete a move, cut carrying costs or leave areas misaligned with expectations.
For now, more Florida sellers appear willing to accept lower sale prices to move on, as market cooling remains under close watch.
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