Florida is projected to see the steepest home price declines in 2026, with average drops around 1.9% in major metro areas, contrasting the national median price rise of 2.2%. Gulf Coast markets like Cape Coral–Fort Myers and North Port–Sarasota–Bradenton face the largest declines. Increased housing supply, higher ownership costs, and rising fees are cooling demand. Despite this, Florida remains attractive for retirees, job seekers, and lifestyle movers, maintaining positive net migration.