Homebuyers, in our current real estate market, are about to kick it up a notch or two.
I’ll start today off with this piece of data from ResiClub:
In March 2024… 47 of the nation’s 50 largest housing markets saw rising year-over-year home prices… 3 of the nation’s 50 largest housing markets saw falling year-over-year home prices.
In March 2025… 34 of the nation’s 50 largest housing markets saw rising year-over-year home prices… 16 of the nation’s 50 largest housing markets saw falling year-over-year home prices.
Another way to interpret that data: there was a 27% drop in the number of the cities experiencing rising prices. And there was a 433% rise in the number of cities experiencing falling prices.
I’ll share what I wrote two weeks ago in the event you missed it. This is a great way to look at the numbers and better understand the real estate market:
“I like to compare the national real estate market to the general stock market. When it goes down a percentage or two, individual cities may go down as much as double digits. In the stock market, when an index fund goes down a percent or two… individual stocks get clobbered.”
So, while the largest cities are now seeing more falling prices, imagine what small cities or specific neighborhoods experience. This is where you see the largest price gyrations and weakening metrics.
For example, if a small area like the downtown Delray Beach real estate market has just 34 townhomes on the market and 4 units sell for 10% below list price, that’s over 10% of the available units pulling down prices. All while the number of days it takes to sell is nearing triple digits.
Here’s what I mean: In the last 5 months, I’ve seen 4 downtown Delray townhomes originally listed at $1,195,000 drop their price to $1,075,000. That’s a 10% price drop… and they’re still not sold.
So buyers entering the real estate market today are basing their perspective, and buying strategy, on the latest price of $1,075,000 and negotiating from there. This is a leading indicator for the real estate market. This shows the coming months will bode well for buyers, not sellers.
Buyers are not oblivious to what’s happening. They know Florida’s summer is when demand evaporates. It’s when less people come here during the hot, humid, rainy months. But not buyers. Expect more to show up this summer when demand is down so they can get busy buying.
Sellers on the other hand continue miss-pricing their property and wonder what’s happening.
The pendulum swung. Buyers are now in control.
(Main Photo: Intracoastal living and afternoon views)
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*** Try some Spring Cleaning and Green Living Tips to improve the health of your home
*** please vote for Delray Beach as the #1 Best Beach in Florida for the second consecutive year in a row (we’re still in the lead)
*** If you want to live in a walkable city, consider downtown Delray Beach
*** I had my HAVC annual service done this week before summer starts. $99. Check out my list of vendors that may be useful for you
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*** South Florida Real Estate Market Inventory is ABOVE 2019***
Last week’s supply was 63,157
Today’s supply is 63,486
Supply was up 429 units last week
*** Supply is UP 9,938 or 19% in 2025 ***
