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UNDERSTANDING THE MARKET COOLDOWN

Housing markets on Florida’s west coast, particularly in Tampa, North Port, and Cape Coral, are cooling faster than anywhere else in the U.S. Tampa has seen a 62.9% increase in inventory, while North Port and Cape Coral also experience significant surges. Factors such as high insurance costs, oversupply of new construction, and rising mortgage rates contribute to this trend. Despite the cooling market, the increase in listings offers more options for buyers and may lead to lower prices and more balanced conditions. Understanding these dynamics is crucial for navigating the current real estate landscape. For more details, visit here.

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