Florida’s population growth should remain strong for the next seven years and keep real estate demand strong.
According to Florida Realtor Magazine, state economists project the equivalent of a new mid-sized city added every year to Florida.
Here’s what they reported:
“From April 1, 2025, through April 1, 2032, Florida expects to add an average of 305,953 net new residents per year – about 838 a day – for an annual growth rate of 1.28%. That pace is comparable to adding a population larger than St. Petersburg, but smaller than Orlando, every year.
Population growth is the No. 1 driver of real estate demand, and these data-driven projections reflect the fact that Florida’s housing market remains primed for long-term growth.
“There is an enormous amount of dormant housing demand just waiting to be unlocked. Since interest rates started declining in August, we’ve seen a multi-month streak of rising home sales for the first time since 2021.”
This is great news for homeowners. In fact, if you missed my essay last week, I said, “There’s one metric showing consistent growth (in Delray Beach) – population. From the data, population is growing about 10% every 10 years.”
Why Real Estate Demand Will Flourish
Why am I talking about population growth two weeks in a row? Because sometimes our minds get stuck in the weeds and we don’t see the bigger picture.
Florida’s population growth is a massive real estate demand tailwind. This kind of demand will continue to drive prices higher over the next half dozen years or more.
Sure there are micro and local issues to watch, but when you step back and see the demand freight train coming, being a Florida property owner should serve you well.
I bring this up as I’ve seen too many customers getting in their own way worrying about loosing a negotiation for “an extra $25k.” Whether your buying a home for your family or for an investment property, think longer term in today’s market.
If that $25k stops you from gaining ownership where over the next seven plus years real estate demand is rising… you may be getting in your own way and failing to become a property owner.
This thinking may sound odd coming from me who’s cautious with my real estate buying decisions. But one thing that’s served me well over my 29-year real estate career is being able to see real estate trends and where money is flowing.
From California to Arizona, and Costa Rica to Panama – I found where people were putting their money and got in early. I followed the real estate demand train.
So if you follow Florida’s population and real estate demand trend, you’re following the money. And IF Florida gets rid of property taxes – as the Governor is eager to do – more people and money will flow here.
With all the fantastic things happening in Delray Beach, you’re poised to enjoy years of real estate demand in a city that’s doing most things right.
Get out of your own way… there’s a huge trend for you to ride. Florida’s real estate demand is here to stay
(Main Phot0: Luxury home on Delray’s barrier island)
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*** Grab my Q4 Distinctive Downtown Delray Condo Guide here. Then have a look at this condo with its 94/100 Walkability Score
*** This New Years Eve I’m doing my 2nd “Sunrise To Sunset Walk.” Yup, from 6:45am to about 5:25pm. Last year I walked 21.5 miles and hope to exceed that this time. I walk A1A south from Delray and end up around south Pompano. Wanna join me?
*** Sustainability is a top real estate trend for 2026. You can start by seeing if any of my green living ideas resonate with you
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*** South Florida Real Estate Inventory is ABOVE 2019***
Last week’s supply was 57,989
Today’s supply is 57,802
*** Supply is DOWN 21 of 32 weeks…***
