Florida’s largest metro areas pounded by sluggish housing market in April
Housing contracted closing sales dropped in Florida for April.

housing market
The First Coast saw the most dramatic drop in housing sales, falling by more than 30% in the past year.

Closed housing sale contracts across Florida fell in some of the state’s largest counties in April.

The Elliman Report” is a monthly analysis detailing housing sales across the most populous states in the country, and the report shows that Florida’s housing market was notably sluggish last month. New signed closing contracts for home sales decreased in every major metropolitan area in the Sunshine State in April.

The Florida housing market had been heated leading into 2024. But Elliman analysts say the Sunshine state home market is obviously getting chilly.

“Most housing markets saw rising prices reaching new highs and sales falling short of prior year levels. Mortgage rates have remained elevated as economic conditions remain vibrant. Bidding wars remain a factor in the market but rising inventory has reduced its dominance,” the report concluded.

Duval County, for the second straight month, had the most significant decrease in housing sales in the state, with 431 total closings. That’s way down from April 2023, when Duval saw 778 homes sold. The home of Jacksonville saw a 44.6% annual drop in contracted home sales in April.

April’s figure is also a notable drop from March’s figure of 526 contracted closings.

Duval’s First Coast neighbor St. Johns County, considered one of the fastest growing counties in the country, also saw a notable dive in closed and contracted home sales. The home to tourist meccas St. Augustine and Ponte Vedra Beach saw home sales plunge by 34.5% in April compared to a year ago.

There were 243 signed St. Johns County closings last month. In April 2023, there were 371 signed contracts for home sales in St. Johns County. The county’s home sales were also off compared to March, when there were 300 signed contracts for home closings.

The only other county with a decrease in home sales exceeding 20% was Broward County, where signed closings dropped by 23.3%. Broward had 434 closing contracts signed in April, compared to 566 a year ago.

Other county home sales figures for April include:

— Sarasota County had 621 signed home closings in April, down by 13.9% compared to 2023’s figure of 721.

— Hillsborough County had a 13.3% drop in home sales in April, with 1,261 closings compared to 1,454 a year ago.

— Collier County had 425 signed home closings in April, an 8.8% decline from 2023’s figure of 466.

— Palm Beach County witnessed a 7.3% decrease in closing contracts, with 380 in April compared to 410 last year.

— Miami-Dade County had 916 signed closings in April, down by 6.5% from last year’s number of 980.

— Lee County witnessed a 6.2% decrease in signed contracts in home sales in April at 1,279, down from the April 2023 number of 1,364.

Drew Dixon

Drew Dixon is a journalist of 40 years who has reported in print and broadcast throughout Florida, starting in Ohio in the 1980s. He is also an adjunct professor of philosophy and ethics at three colleges, Jacksonville University, University of North Florida and Florida State College at Jacksonville. You can reach him at [email protected].


  • Dont Say FLA

    May 6, 2024 at 10:09 am

    Florida and Arizona already got all the anti-vaxxers they’re going to get. And now nobody else wants to move to either state.

    And with Florida banning books and trans drag queens and all Rhonda’s other nonsense, why would anybody in their right mind move to Florida?

    Rudy Giuliani moved to Florida. Get used to that, ’cause that’s the only people open to Rhonda’s “Free State of Florida” where Rhonda’s definition of “Free” means only that “You are free to be just like me, Little Rhonda Dee”

  • Overload

    May 9, 2024 at 7:05 pm

    Dixie got that news Right
    He just left out Florida has a water usage thing.
    You can only take this amount before they have to buy it elsewhere.
    This you pay more for water.alongside of spending a market value of 2900 for just the grass and ants

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