FAU and FIU said in December that Florida markets like North Port and Cape Coral were starting to go down in price for the first time since their markets peaked, but that Florida prices remained elevated. “But it seems most likely that Florida housing markets will fare better than most other markets across the country due to the persistent shortage of homes for sale and the pace at which people are relocating to the state.” Looking at listing data, AgentStory reported that Tampa area homes spent twice as long on the market in Q4 2022, compared to Q4 2021, for 34 days on the market compared to 17 days the year before.